SHIB/USDT – 1H – SELLAnd also a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The pair Shiba Inu/Tether (SHIB/USDT) moves from the bullish trendline down.
A bearish trend down to the next support at 0.000012330 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.000013620 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.226022E-5 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.000013620 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000016000 |
| 2nd High | 0.000014700 |
| Next High | 0.000013620 |
| Current Price | 0.000012640 |
| Next Low | 0.000012330 |
| 2nd Low | 0.000011890 |
| 3rd Low | 0.000011410 |
0.000013620 – 0.000013380 – 0.000013220 – 0.000012330 – 0.000012410 – 0.000012370
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Three Black Crows