SHIB/USDT – 1H – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) moves from the bullish trendline downwards
A descent down to the next support line at 0.000013080 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.000014160 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black 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 ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000016000 |
| 2nd High | 0.000014700 |
| Next High | 0.000014160 |
| Current Price | 0.000013110 |
| Next Low | 0.000013080 |
| 2nd Low | 0.000012820 |
| 3rd Low | 0.000011450 |
0.000014160 – 0.000013540 – 0.000013870 – 0.000013080 – 0.000013090 – 0.000012820
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Three Black Crows – Double top chart pattern