SHIB/USDT – 30M – SELLThe pair Shiba Inu/Tether (SHIB/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support line at 0.000010760 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.000011430 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Two Crows’ chart pattern is detected. The chart shows ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000011790 |
| 2nd High | 0.000011770 |
| Next High | 0.000011430 |
| Current Price | 0.000010880 |
| Next Low | 0.000010760 |
| 2nd Low | 0.000010490 |
| 3rd Low | 0.000010280 |
0.000011430 – 0.000011770 – 0.000011790 – 0.000011420 – 0.000011350 – 0.000011340
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Two Crows