And also a ‘Symmetrical Triangle Chart Pattern’ chart layout is found. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.
The combination Shiba Inu/Tether (SHIB/USDT) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 0.000013050 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.000013540 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000014700 |
| 2nd High | 0.000013870 |
| Next High | 0.000013540 |
| Current Price | 0.000012980 |
| Next Low | 0.000013050 |
| 2nd Low | 0.000011450 |
| 3rd Low | 0.000011370 |
0.000013540 – 0.000013500 – 0.000013870 – 0.000013050 – 0.000013290 – 0.000013260
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – – Symmetrical Triangle Chart Pattern