SHIB/USDT – 30M – SELLThe pair Shiba Inu/Tether (SHIB/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 0.000027440 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0.000029420 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Evening Star’ chart pattern is found. The chart forms ‘Evening Star’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Evening Star’ going down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000030780 |
| 2nd High | 0.000029790 |
| Next High | 0.000029420 |
| Current Price | 0.000027690 |
| Next Low | 0.000027440 |
| 2nd Low | 0.000024180 |
| 3rd Low | 0.000023550 |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Evening Star