Then a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The combination Shiba Inu/Tether (SHIB/USDT) moves from the bullish trendline down.
The bearish trend downwards to the next support at will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000013920 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair could go down.
Then a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. which is a negative 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 | 0.000014060 |
| 2nd High | 0.000014000 |
| Next High | 0.000013920 |
| Current Price | 0.000013470 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.000013920 – 0.000013700 – 0.000014000 – 0.000013410 – 0.000013260 – 0.000013290 — 38.168563314368 – 37.029493902454
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –