SHIB/USDT – 1H – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The currency pair Shiba Inu/Tether (SHIB/USDT) moves from the ascending trendline downwards
A descending movement downwards to the next support level at 0.000012660 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000013200 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Matching Low’ chart pattern is detected. The candles form ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000014190 |
| 2nd High | 0.000013510 |
| Next High | 0.000013200 |
| Current Price | 0.000012840 |
| Next Low | 0.000012660 |
| 2nd Low | 0.000012150 |
| 3rd Low | 0.000012000 |
0.000013200 – 0.000012980 – 0.000012480 – 0.000012660 – 0.000012150 – 0.000012000 — 48.781618234091 – 48.781618234091
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –