Then a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The combination Shiba Inu/Tether (SHIB/USDT) goes from the bullish trendline down.
The bearish trend downwards to the next support level at 0.000012750 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.000014160 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000016000 |
| 2nd High | 0.000014700 |
| Next High | 0.000014160 |
| Current Price | 0.000013370 |
| Next Low | 0.000012750 |
| 2nd Low | 0.000011450 |
| 3rd Low | 0.000011340 |
0.000014160 – 0.000013540 – 0.000013870 – 0.000012750 – 0.000013080 – 0.000013090
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – – Rising Wedge Chart Pattern