Then a ‘Rising Wedge Chart Pattern’ chart pattern is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The pair Shiba Inu/Tether (SHIB/USDT) goes from the bullish trendline down.
A descent down to the next support line at 0.000014160 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 0.000014850 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000016000 |
| 2nd High | 0.000015740 |
| Next High | 0.000014850 |
| Current Price | 0.000014410 |
| Next Low | 0.000014160 |
| 2nd Low | 0.000013450 |
| 3rd Low | 0.000012750 |
0.000014850 – 0.000013820 – 0.000013830 – 0.000014160 – 0.000013450 – 0.000012750
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern