And also a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The currency pair Shiba Inu/Tether (SHIB/USDT) goes from the bullish trendline down.
A bearish movement downwards to the next support line at 0.000012640 will continue.
Caution: A possible change in the direction of resistance at 0.000013180 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘RSI fall below 30’ indicator layout is discovered. The indicator shows ‘RSI fall below 30’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.224E-5 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 0.000013180 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013680 |
| 2nd High | 0.000013190 |
| Next High | 0.000013180 |
| Current Price | 0.000012670 |
| Next Low | 0.000012640 |
| 2nd Low | 0.000012240 |
| 3rd Low | 0.000011450 |
0.000013180 – 0.000013190 – 0.000013680 – 0.000012640 – 0.000012240 – 0.000012620 — 37.164371117802 – 36.133425182856
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern –