SHIB/USDT – 4H – SELLThe combination Shiba Inu/Tether (SHIB/USDT) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.000012570 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.
Additionally a ‘Last Engulfing Top’ candle pattern is discovered. The candles form ‘Last Engulfing 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 success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012730 |
| 2nd High | 0.000012610 |
| Next High | 0.000012570 |
| Current Price | 0.000012360 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.000012570 – 0.000012610 – 0.000012730 – 0.000012000 – 0.000011810 – 0.000011980 — 56.517159937995 – 52.66591679778
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Last Engulfing Top – Double top retreat up – –