SHIB/USDT – 30M – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart pattern is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The currency pair Shiba Inu/Tether (SHIB/USDT) moves from the bullish trendline down.
A descent down to the next support at 0.000012090 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.000012480 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood 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 – –