Also there is a ‘Triple bottom chart pattern’ chart layout is detected. The chart shows ‘Triple bottom chart pattern’. which is a positive chart scenario. The currency pair is likely to rise.
The pair Shiba Inu/Tether (SHIB/USDT) goes from the ascending trendline downwards
A descent downwards to the next support level at 0.000013450 is considered certain.
Caution: A possible change in the direction of the resistance line at 0.000014850 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.
Also there is a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
Also there is a ‘Matching Low’ candle chart pattern is found. The chart forms ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000016000 |
| 2nd High | 0.000015740 |
| Next High | 0.000014850 |
| Current Price | 0.000014040 |
| Next Low | 0.000013450 |
| 2nd Low | 0.000012750 |
| 3rd Low | 0.000011450 |
0.000014850 – 0.000013820 – 0.000013830 – 0.000014160 – 0.000013450 – 0.000012750
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Matching Low – Triple bottom chart pattern