SHIB/USDT – 1H – SELLThe combination Shiba Inu/Tether (SHIB/USDT) jumps from the descending trendline down.
A continuation of the downtrend down to the next support line at 0.000013200 is considered certain.
Caution: A possible change in the direction of resistance at 0.000014380 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Tweezers Top’ candle pattern is existing. The chart shows ‘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 likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015970 |
| 2nd High | 0.000015520 |
| Next High | 0.000014380 |
| Current Price | 0.000013250 |
| Next Low | 0.000013200 |
| 2nd Low | 0.000012970 |
| 3rd Low | 0.000012750 |
0.000014380 – 0.000014190 – 0.000014230 – 0.000013890 – 0.000013930 – 0.000013200 — 42.197441610944 – 37.049436988113
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Tweezers Top – Double top chart pattern –