SHIB/USDT – 1H – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The pair Shiba Inu/Tether (SHIB/USDT) goes from the ascending trendline downwards
A descent down to the next support at 0.000013930 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000014230 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘RSI fall below 70’ indicator layout is detected. The indicator is ‘RSI fall below 70’. which could be a negative chart signal. The pair is likely to go down.
Furthermore a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015970 |
| 2nd High | 0.000015520 |
| Next High | 0.000014230 |
| Current Price | 0.000014110 |
| Next Low | 0.000013930 |
| 2nd Low | 0.000013200 |
| 3rd Low | 0.000012970 |
0.000014230 – 0.000014020 – 0.000015520 – 0.000013930 – 0.000013200 – 0.000012970 — 57.652914629981 – 55.280545696909
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern –