SHIB/USDT – 1H – SELLNext a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The combination Shiba Inu/Tether (SHIB/USDT) jumps from the ascending trendline down.
A descending movement downwards to the next support line at 0.000012660 will persist.
Caution: A possible change in the direction of the resistance line at 0.000013200 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Matching Low’ chart pattern is existing. The candles form ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000014190 |
| 2nd High | 0.000013510 |
| Next High | 0.000013200 |
| Current Price | 0.000012840 |
| Next Low | 0.000012660 |
| 2nd Low | 0.000012150 |
| 3rd Low | 0.000012000 |
0.000013200 – 0.000012980 – 0.000012480 – 0.000012660 – 0.000012150 – 0.000012000 — 48.781618234091 – 48.781618234091
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –