SHIB/USDT – 1H – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The currency pair Shiba Inu/Tether (SHIB/USDT) moves from the ascending trendline down.
A bearish descent downwards to the next support level at 0.000012620 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.000014190 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015520 |
| 2nd High | 0.000014380 |
| Next High | 0.000014190 |
| Current Price | 0.000013010 |
| Next Low | 0.000012620 |
| 2nd Low | 0.000011850 |
| 3rd Low | 0.000011450 |
0.000014190 – 0.000014030 – 0.000013920 – 0.000012620 – 0.000012710 – 0.000012820 — 44.952373999123 – 42.570567247579
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – – Rising Wedge Chart Pattern – –