There is also a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The combination Shiba Inu/Tether (SHIB/USDT) goes from the ascending trendline down.
A bearish descent down to the next support line at 0.000012750 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.000014160 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000016000 |
| 2nd High | 0.000014700 |
| Next High | 0.000014160 |
| Current Price | 0.000013370 |
| Next Low | 0.000012750 |
| 2nd Low | 0.000011450 |
| 3rd Low | 0.000011340 |
0.000014160 – 0.000013540 – 0.000013870 – 0.000012750 – 0.000013080 – 0.000013090
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – – Rising Wedge Chart Pattern