SHIB/USDT – 30M – SELLThe combination Shiba Inu/Tether (SHIB/USDT) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support level at is certain.
Caution: A possible change in the direction of the resistance line at 1.0E-5 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.
Then a ‘Three Outside Down’ candlestick pattern is existing. The candles form ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 2.0E-5 |
| Next High | 1.0E-5 |
| Current Price | 0.000007660 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.0E-5 – 1.0E-5 – 1.0E-5 – 1.0E-5 – 1.0E-5 – 1.0E-5 —
0.000007650 – 0.000007840 —
37.367916284439 – 69.57668077797 —
– —
0.00001 – 1769479200
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Outside Down – Double top chart pattern – –