SHIB/USDT – 4H – SELLThe combination Shiba Inu/Tether (SHIB/USDT) moves from the ascending trendline downwards
A descending movement downwards to the next support level at 0.000012750 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 0.000015780 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Southern Doji’ candle chart pattern is found. The candles show ‘Southern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000017650 |
| 2nd High | 0.000016000 |
| Next High | 0.000015780 |
| Current Price | 0.000015060 |
| Next Low | 0.000012750 |
| 2nd Low | 0.000011210 |
| 3rd Low | 0.000011050 |
0.000015780 – 0.000014160 – 0.000013870 – 0.000012750 – 0.000011210 – 0.000011260
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Southern Doji – Double top chart pattern