SHIB/USDT – 30M – SELLBesides a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The pair Shiba Inu/Tether (SHIB/USDT) moves from the bullish trendline down.
A descending movement downwards to the next support at 0.000013290 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.000013870 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Two Crows’ candle chart pattern is detected. The candles form ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015740 |
| 2nd High | 0.000014700 |
| Next High | 0.000013870 |
| Current Price | 0.000013120 |
| Next Low | 0.000013290 |
| 2nd Low | 0.000013260 |
| 3rd Low | 0.000011450 |
0.000013870 – 0.000013680 – 0.000011970 – 0.000013290 – 0.000013260 – 0.000011450
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Two Crows – Rising Wedge Chart Pattern