Descending Channel also known as the falling channel . A descending channel is formed by two parallel trendlines . The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.
Currently, SHIBINU(SHIB) is in the range of $0.0000126. If the pattern continues, the price of SHIBINU(SHIB) might reach the resistance levels of $ 0.00001378,If the trend reverses, then the price of SHIBINU(SHIB) may fall to $0.00001010
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