SHIB/USDT – 1H – SELLThe pair Shiba Inu/Tether (SHIB/USDT) goes from the ascending trendline down.
A descent down to the next support line at 0.000021280 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.000024080 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Last Engulfing Bottom:’ candle pattern is existing. The chart shows ‘Last Engulfing Bottom:’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000027960 |
| 2nd High | 0.000027490 |
| Next High | 0.000024080 |
| Current Price | 0.000021970 |
| Next Low | 0.000021280 |
| 2nd Low | 0.000020950 |
| 3rd Low | 0.000020880 |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Last Engulfing Bottom: