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
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Matching Low