SHIB/USDT – 30M – SELLThe pair Shiba Inu/Tether (SHIB/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 0.000027790 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.000029420 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bearish Engulfing’ candle pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000030780 |
| 2nd High | 0.000029790 |
| Next High | 0.000029420 |
| Current Price | 0.000027910 |
| Next Low | 0.000027790 |
| 2nd Low | 0.000024180 |
| 3rd Low | 0.000023550 |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Bearish Engulfing