SHIB/USDT – 30M – SELLMoreover a ‘Triple bottom chart pattern’ chart pattern is existing. The chart forms ‘Triple bottom chart pattern’. which is a positive pattern signal. The pair is likely to go up.
The pair Shiba Inu/Tether (SHIB/USDT) jumps from the bullish trendline down.
A descending movement downwards to the next support level at 0.000014160 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.000014850 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Gapping Down Doji’ candle pattern is existing. The chart shows ‘Gapping Down Doji’. 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 success rate of a ‘Gapping Down Doji’ going down is 57% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000016000 |
| 2nd High | 0.000015740 |
| Next High | 0.000014850 |
| Current Price | 0.000014460 |
| Next Low | 0.000014160 |
| 2nd Low | 0.000013450 |
| 3rd Low | 0.000012750 |
0.000014850 – 0.000013820 – 0.000013830 – 0.000014160 – 0.000013450 – 0.000012750
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Gapping Down Doji – Triple bottom chart pattern