SHIB/USDT – 1H – SELLThe pair Shiba Inu/Tether (SHIB/USDT) goes from the bullish trendline downwards
The bearish trend down to the next support line at 0.000023420 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.000024620 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bearish Engulfing’ candlestick chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000027960 |
| 2nd High | 0.000027490 |
| Next High | 0.000024620 |
| Current Price | 0.000023840 |
| Next Low | 0.000023420 |
| 2nd Low | 0.000020650 |
| 3rd Low | 0.000020530 |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Bearish Engulfing