The combination Shiba Inu/Tether (SHIB/USDT) moves from the ascending trendline downwards
A bearish trend down to the next support line at 0.000024460 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000025660 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is expected. Target of the current trend is 2.545052E-5 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 0.000025660 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
Support & Resistance |
Price Range* |
3rd High |
0.000026210 |
2nd High |
0.000025840 |
Next High |
0.000025660 |
Current Price |
0.000024890 |
Next Low |
0.000024460 |
2nd Low |
0.000024020 |
3rd Low |
0.000023260 |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Bearish Engulfing