SHIB/USDT – 30M – SELLThe pair Shiba Inu/Tether (SHIB/USDT) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 0.000024870 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000025520 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000028180 |
| 2nd High | 0.000026520 |
| Next High | 0.000025520 |
| Current Price | 0.000025490 |
| Next Low | 0.000024870 |
| 2nd Low | 0.000024480 |
| 3rd Low | 0.000023550 |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Bearish Engulfing