Also there is a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.
The pair Shiba Inu/Tether (SHIB/USDT) moves from the ascending trendline down.
A bearish trend downwards to the next support line at 0.000014730 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000015520 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015970 |
| 2nd High | 0.000015670 |
| Next High | 0.000015520 |
| Current Price | 0.000014770 |
| Next Low | 0.000014730 |
| 2nd Low | 0.000014480 |
| 3rd Low | 0.000014220 |
0.000015520 – 0.000015370 – 0.000015670 – 0.000014730 – 0.000015170 – 0.000015090
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –