Then a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The combination Shiba Inu/Tether (SHIB/USDT) moves from the bearish trendline down.
A continuation of the bearish trend down to the next support line at is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.000012620 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.236E-5 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.000012620 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013140 |
| 2nd High | 0.000012650 |
| Next High | 0.000012620 |
| Current Price | 0.000012420 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.000012620 – 0.000012650 – 0.000012620 – 0.000012390 – 0.000012420 – 0.000012100 — 46.305276752279 – 40.104102194596
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –