The combination Shiba Inu/Tether (SHIB/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support at 0.000012250 will persist.
Caution: A possible change in the direction of resistance at 0.000013440 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.000016000 |
2nd High | 0.000014700 |
Next High | 0.000013440 |
Current Price | 0.000012370 |
Next Low | 0.000012250 |
2nd Low | 0.000011920 |
3rd Low | 0.000010490 |
0.000013440 – 0.000014700 – 0.000016000 – 0.000012250 – 0.000014110 – 0.000013880
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Three Black Crows