The pair Shiba Inu/Tether (SHIB/USDT) jumps from the ascending trendline downwards
A descent downwards to the next support line at 0.000014070 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.000015140 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Tweezers Top’ candle pattern is existing. The chart shows ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.000015680 |
2nd High | 0.000015360 |
Next High | 0.000015140 |
Current Price | 0.000014040 |
Next Low | 0.000014070 |
2nd Low | 0.000013990 |
3rd Low | 0.000013970 |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Tweezers Top