SHIB/USDT – 30M – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The combination Shiba Inu/Tether (SHIB/USDT) goes from the bullish trendline down.
The bearish trend downwards to the next support at 0.000013290 will continue.
Caution: A possible change in the direction of resistance at 0.000013870 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Two Crows’ candle pattern is discovered. The chart forms ‘Two 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 probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015740 |
| 2nd High | 0.000014700 |
| Next High | 0.000013870 |
| Current Price | 0.000013120 |
| Next Low | 0.000013290 |
| 2nd Low | 0.000013260 |
| 3rd Low | 0.000011450 |
0.000013870 – 0.000013680 – 0.000011970 – 0.000013290 – 0.000013260 – 0.000011450
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Two Crows – Rising Wedge Chart Pattern