SHIB/USDT – 4H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The combination Shiba Inu/Tether (SHIB/USDT) moves from the bullish trendline downwards
The bearish trend downwards to the next support level at 0.000011210 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 0.000013870 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000016000 |
| 2nd High | 0.000014700 |
| Next High | 0.000013870 |
| Current Price | 0.000013170 |
| Next Low | 0.000011210 |
| 2nd Low | 0.000011050 |
| 3rd Low | 0.000010040 |
0.000013870 – 0.000012150 – 0.000011800 – 0.000011210 – 0.000011260 – 0.000011050
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern