SHIB/USDT – 1H – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) jumps from the ascending trendline downwards
A descending movement downwards to the next support at 0.000020950 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000022450 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bearish Belt Hold’ chart pattern is existing. The candles show ‘Bearish Belt Hold’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000027490 |
| 2nd High | 0.000024080 |
| Next High | 0.000022450 |
| Current Price | 0.000020980 |
| Next Low | 0.000020950 |
| 2nd Low | 0.000020880 |
| 3rd Low |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Bearish Belt Hold