SHIB/USDT – 30M – SELLThe combination Shiba Inu/Tether (SHIB/USDT) moves from the bullish trendline downwards
A bearish movement down to the next support level at 0.000013260 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000013870 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Tweezers Top’ chart pattern is found. The candles form ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015740 |
| 2nd High | 0.000014700 |
| Next High | 0.000013870 |
| Current Price | 0.000013190 |
| Next Low | 0.000013260 |
| 2nd Low | 0.000011450 |
| 3rd Low | 0.000011370 |
0.000013870 – 0.000013680 – 0.000011970 – 0.000013290 – 0.000013260 – 0.000011450
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Tweezers Top – Symmetrical Triangle Chart Pattern