Next a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The chart forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.
The combination Shiba Inu/Tether (SHIB/USDT) moves from the bearish trendline down.
A continuation of the downtrend down to the next support level at 0.000013050 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000013540 should be noted.
Consider stop-loss settings accordingly.
Next a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000014700 |
| 2nd High | 0.000013870 |
| Next High | 0.000013540 |
| Current Price | 0.000012980 |
| Next Low | 0.000013050 |
| 2nd Low | 0.000011450 |
| 3rd Low | 0.000011370 |
0.000013540 – 0.000013500 – 0.000013870 – 0.000013050 – 0.000013290 – 0.000013260
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – – Symmetrical Triangle Chart Pattern