Also there is a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The pair Shiba Inu/Tether (SHIB/USDT) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 0.000012390 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.000012620 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.236E-5 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 0.000012620 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013140 |
| 2nd High | 0.000012650 |
| Next High | 0.000012620 |
| Current Price | 0.000012480 |
| Next Low | 0.000012390 |
| 2nd Low | 0.000012100 |
| 3rd Low | 0.000012070 |
0.000012620 – 0.000012650 – 0.000012620 – 0.000012390 – 0.000012420 – 0.000012100 — 48.118871756264 – 46.033955756653
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – – Symmetrical Triangle Chart Pattern – –