SHIB/USDT – 30M – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 0.000014480 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000015360 could occur.
Consider stop-loss settings accordingly.
Next a ‘Matching Low’ candlestick pattern is discovered. The candles form ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015780 |
| 2nd High | 0.000015510 |
| Next High | 0.000015360 |
| Current Price | 0.000014980 |
| Next Low | 0.000014480 |
| 2nd Low | 0.000014220 |
| 3rd Low | 0.000013870 |
0.000015360 – 0.000015510 – 0.000015780 – 0.000014480 – 0.000014220 – 0.000013870
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Matching Low – Triple bottom chart pattern