SHIB/USDT – 1H – SELLThe pair Shiba Inu/Tether (SHIB/USDT) goes from the ascending trendline downwards
A bearish trend downwards to the next support line at 0.000012330 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.000013620 could occur.
Consider stop-loss settings accordingly.
And also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.
And also a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000016000 |
| 2nd High | 0.000014700 |
| Next High | 0.000013620 |
| Current Price | 0.000012200 |
| Next Low | 0.000012330 |
| 2nd Low | 0.000011890 |
| 3rd Low | 0.000011410 |
0.000013620 – 0.000013380 – 0.000013220 – 0.000012330 – 0.000012410 – 0.000012370
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Three Black Crows