SHIB/USDT – 1H – SELLThe pair Shiba Inu/Tether (SHIB/USDT) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 0.000010490 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.000011770 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Last Engulfing Top’ candlestick pattern is found. The candles form ‘Last Engulfing Top’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012330 |
| 2nd High | 0.000011790 |
| Next High | 0.000011770 |
| Current Price | 0.000010880 |
| Next Low | 0.000010490 |
| 2nd Low | 0.000010280 |
| 3rd Low |
0.000011770 – 0.000011790 – 0.000012330 – 0.000011350 – 0.000011340 – 0.000011630
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Last Engulfing Top