Then a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.
The combination Shiba Inu/Tether (SHIB/USDT) jumps from the bullish trendline downwards
A descent down to the next support line at 0.000013970 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.000014230 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘RSI fall below 70’ indicator signal is detected. The indicator shows ‘RSI fall below 70’. this is usually a bearish chart scenario. The currency pair could go down.
Then a ‘Tweezers Top’ candle chart pattern is discovered. The candles show ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015670 |
| 2nd High | 0.000015520 |
| Next High | 0.000014230 |
| Current Price | 0.000014070 |
| Next Low | 0.000013970 |
| 2nd Low | 0.000013240 |
| 3rd Low | 0.000013200 |
0.000014230 – 0.000014110 – 0.000013800 – 0.000013970 – 0.000013240 – 0.000013200 — 61.217328617402 – 55.351040750535
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Tweezers Top – Rising Wedge Chart Pattern –