SHIB/USDT – 1H – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 0.000023030 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.000025470 could occur.
Consider stop-loss settings accordingly.
Then a ‘Bearish Engulfing’ candle pattern is existing. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000026210 |
| 2nd High | 0.000026160 |
| Next High | 0.000025470 |
| Current Price | 0.000024940 |
| Next Low | 0.000023030 |
| 2nd Low | 0.000022590 |
| 3rd Low | 0.000018840 |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Bearish Engulfing