SHIB/USDT – 4H – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart formation is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.
The pair Shiba Inu/Tether (SHIB/USDT) moves from the ascending trendline down.
A descending movement downwards to the next support line at 0.000011210 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000013870 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candlestick pattern is detected. The chart forms ‘Northern Doji’. 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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000016000 |
| 2nd High | 0.000014700 |
| Next High | 0.000013870 |
| Current Price | 0.000013170 |
| Next Low | 0.000011210 |
| 2nd Low | 0.000011050 |
| 3rd Low | 0.000010040 |
0.000013870 – 0.000012150 – 0.000011800 – 0.000011210 – 0.000011260 – 0.000011050
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern