SHIB/USDT – 1H – SELLThe combination Shiba Inu/Tether (SHIB/USDT) goes from the ascending trendline down.
A bearish descent down to the next support level at 0.000012330 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.000013380 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Matching Low’ candle chart pattern is detected. The chart shows ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000014700 |
| 2nd High | 0.000013440 |
| Next High | 0.000013380 |
| Current Price | 0.000013240 |
| Next Low | 0.000012330 |
| 2nd Low | 0.000011890 |
| 3rd Low | 0.000011410 |
0.000013380 – 0.000013220 – 0.000012770 – 0.000012330 – 0.000012410 – 0.000012370
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Matching Low