SHIB/USDT – 30M – SELLBesides a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The pair Shiba Inu/Tether (SHIB/USDT) jumps from the ascending trendline down.
A bearish descent down to the next support at 0.000013120 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.000013540 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.
Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Besides a ‘Matching Low’ candlestick pattern is detected. The chart forms ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015740 |
| 2nd High | 0.000014700 |
| Next High | 0.000013540 |
| Current Price | 0.000013180 |
| Next Low | 0.000013120 |
| 2nd Low | 0.000013100 |
| 3rd Low | 0.000012840 |
0.000013540 – 0.000013390 – 0.000013380 – 0.000013120 – 0.000013100 – 0.000012840
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Matching Low