SHIB/USDT – 4H – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The combination Shiba Inu/Tether (SHIB/USDT) goes from the bullish trendline down.
A descending movement downwards to the next support level at 0.000011210 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000012150 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
Additionally a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013620 |
| 2nd High | 0.000012330 |
| Next High | 0.000012150 |
| Current Price | 0.000011610 |
| Next Low | 0.000011210 |
| 2nd Low | 0.000011050 |
| 3rd Low | 0.000010040 |
0.000012150 – 0.000011800 – 0.000012330 – 0.000011210 – 0.000011260 – 0.000011050
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern