Buy SHIB/USDT – 4H – BUY

The currency pair Shiba Inu/Tether (SHIB/USDT) jumps from the bearish trendline down.

A continuation of the downtrend downwards to the next support at 0.000020880 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.000024080 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Matching Low’ candle pattern is found. The chart forms ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

Support & Resistance Price Range*
3rd High 0.000033430
2nd High 0.000029790
Next High 0.000024080
Current Price 0.000021710
Next Low 0.000020880
2nd Low
3rd Low

Download SHIB/USDT Signal Image

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