Then a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The chart forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The combination Shiba Inu/Tether (SHIB/USDT) moves from the ascending trendline downwards
A descent down to the next support line at 0.000012970 will persist.
Caution: A possible change in the direction of the resistance zone at 0.000014380 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘RSI cross above 30’ indicator signal is existing. The indicator shows ‘RSI cross above 30’. this is usually a bullish chart scenario. The currency pair could go up.
Then a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000016000 |
| 2nd High | 0.000015970 |
| Next High | 0.000014380 |
| Current Price | 0.000012730 |
| Next Low | 0.000012970 |
| 2nd Low | 0.000012750 |
| 3rd Low | 0.000011210 |
0.000014380 – 0.000015970 – 0.000015780 – 0.000012970 – 0.000012750 – 0.000011210 — 40.961265857607 – 35.646224513489
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern –