SHIB/USDT – 30M – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) goes from the descending trendline downwards
A continuation of the downward movement down to the next support line at 0.000020880 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000022240 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000027960 |
| 2nd High | 0.000027490 |
| Next High | 0.000022240 |
| Current Price | 0.000021790 |
| Next Low | 0.000020880 |
| 2nd Low | 0.000018840 |
| 3rd Low | 0.000018400 |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Bearish Engulfing