SHIB/USDT – 30M – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The currency pair Shiba Inu/Tether (SHIB/USDT) moves from the bullish trendline down.
A descent down to the next support level at 0.000011800 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.000012330 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000014700 |
| 2nd High | 0.000013620 |
| Next High | 0.000012330 |
| Current Price | 0.000011930 |
| Next Low | 0.000011800 |
| 2nd Low | 0.000011510 |
| 3rd Low | 0.000011410 |
0.000012330 – 0.000012250 – 0.000012120 – 0.000012090 – 0.000011800 – 0.000011880