Also there is a ‘Symmetrical Triangle Chart Pattern’ chart pattern is found. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The currency pair Shiba Inu/Tether (SHIB/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 0.000012100 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.000012620 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013510 |
| 2nd High | 0.000013140 |
| Next High | 0.000012620 |
| Current Price | 0.000012450 |
| Next Low | 0.000012100 |
| 2nd Low | 0.000012070 |
| 3rd Low | 0.000011830 |
0.000012620 – 0.000012420 – 0.000013140 – 0.000012100 – 0.000012070 – 0.000011830 — 55.123766063627 – 50.829113386075
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – – Symmetrical Triangle Chart Pattern – –