SHIB/USDT – 30M – SELLThe pair Shiba Inu/Tether (SHIB/USDT) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 0.000021450 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 0.000027490 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bearish Engulfing’ candle pattern is discovered. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. 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 | 0.000028330 |
| 2nd High | 0.000027960 |
| Next High | 0.000027490 |
| Current Price | 0.000021460 |
| Next Low | 0.000021450 |
| 2nd Low | 0.000018840 |
| 3rd Low | 0.000018400 |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Bearish Engulfing