Also there is a ‘Symmetrical Triangle Chart Pattern’ chart formation is existing. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The pair Shiba Inu/Tether (SHIB/USDT) jumps from the ascending trendline down.
A descent down to the next support level at 0.000014730 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.000015670 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The pair is likely to go down.
Also there is a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.
Also there is a ‘Three Outside Down’ chart pattern is found. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000016000 |
| 2nd High | 0.000015970 |
| Next High | 0.000015670 |
| Current Price | 0.000014810 |
| Next Low | 0.000014730 |
| 2nd Low | 0.000014480 |
| 3rd Low | 0.000014220 |
0.000015670 – 0.000015970 – 0.000015890 – 0.000014730 – 0.000015170 – 0.000015090
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern