SHIB/USDT – 1H – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The pair Shiba Inu/Tether (SHIB/USDT) moves from the ascending trendline downwards
A bearish trend down to the next support line at 0.000012680 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.000013200 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Two Crows’ candlestick pattern is existing. The candles form ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000014190 |
| 2nd High | 0.000013510 |
| Next High | 0.000013200 |
| Current Price | 0.000013020 |
| Next Low | 0.000012680 |
| 2nd Low | 0.000012660 |
| 3rd Low | 0.000012150 |
0.000013200 – 0.000013170 – 0.000013200 – 0.000012680 – 0.000012660 – 0.000012150 — 47.427528017279 – 46.49579734059
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –