SHIB/USDT – 30M – SELLThe pair Shiba Inu/Tether (SHIB/USDT) goes from the bullish trendline downwards
A descending movement downwards to the next support at 0.000012840 will persist.
Caution: A possible change in the direction of resistance at 0.000013380 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
There is also a ‘Three Outside Down’ candle chart pattern is detected. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000014700 |
| 2nd High | 0.000013440 |
| Next High | 0.000013380 |
| Current Price | 0.000013220 |
| Next Low | 0.000012840 |
| 2nd Low | 0.000012820 |
| 3rd Low | 0.000012330 |
0.000013380 – 0.000013220 – 0.000012770 – 0.000012840 – 0.000012820 – 0.000012330
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Three Outside Down