Then a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The combination Shiba Inu/Tether (SHIB/USDT) jumps from the bullish trendline down.
A bearish trend downwards to the next support line at 0.000012090 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.000012480 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012730 |
| 2nd High | 0.000012610 |
| Next High | 0.000012480 |
| Current Price | 0.000012380 |
| Next Low | 0.000012090 |
| 2nd Low | 0.000011810 |
| 3rd Low | 0.000011450 |
0.000012480 – 0.000012460 – 0.000012610 – 0.000012090 – 0.000011810 – 0.000011920 — 51.292801321793 – 50.124797587303
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –