SHIB/USDT – 1H – SELLThe combination Shiba Inu/Tether (SHIB/USDT) jumps from the ascending trendline down.
A descending movement downwards to the next support line at 0.000020650 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.000023060 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000027490 |
| 2nd High | 0.000024080 |
| Next High | 0.000023060 |
| Current Price | 0.000022710 |
| Next Low | 0.000020650 |
| 2nd Low | 0.000020530 |
| 3rd Low |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Bearish Engulfing