In addition a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The currency pair Shiba Inu/Tether (SHIB/USDT) goes from the ascending trendline down.
A descent down to the next support line at 0.000012340 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000012480 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012610 |
| 2nd High | 0.000012570 |
| Next High | 0.000012480 |
| Current Price | 0.000012500 |
| Next Low | 0.000012340 |
| 2nd Low | 0.000012320 |
| 3rd Low | 0.000012150 |
0.000012480 – 0.000012410 – 0.000012290 – 0.000012340 – 0.000012320 – 0.000012150 — 66.113163643884 – 59.137813703057
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – – Rising Wedge Chart Pattern – –