Also there is a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Shiba Inu/Tether (SHIB/USDT) moves from the ascending trendline downwards
A descending movement downwards to the next support level at is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000012620 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair is likely to fall.
Also there is a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013510 |
| 2nd High | 0.000013140 |
| Next High | 0.000012620 |
| Current Price | 0.000012520 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.000012620 – 0.000012420 – 0.000013140 – 0.000012420 – 0.000012100 – 0.000012070 — 56.464365222463 – 54.282009061896
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –