Then a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The pair Shiba Inu/Tether (SHIB/USDT) moves from the bearish trendline down.
A continuation of the downtrend down to the next support level at will continue.
Caution: A possible reversal of the trend in the direction of resistance at 0.000012730 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.
Then a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. 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 | 0.000014190 |
| 2nd High | 0.000013510 |
| Next High | 0.000012730 |
| Current Price | 0.000012350 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.000012730 – 0.000012650 – 0.000013510 – 0.000012400 – 0.000012370 – 0.000011830 — 42.857030212764 – 37.808712984084
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –