Then a ‘Triple bottom chart pattern’ chart formation is found. The formation shows ‘Triple bottom chart pattern’. this is a bullish pattern signal. The currency pair is likely to rise.
The combination Shiba Inu/Tether (SHIB/USDT) goes from the ascending trendline down.
A bearish trend downwards to the next support line at 0.000012890 is expected.
Caution: A possible change in the direction of the resistance zone at 0.000013810 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Last Engulfing Top’ chart pattern is detected. The candles show ‘Last Engulfing Top’. 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 chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000014150 |
| 2nd High | 0.000013830 |
| Next High | 0.000013810 |
| Current Price | 0.000013090 |
| Next Low | 0.000012890 |
| 2nd Low | 0.000012850 |
| 3rd Low | 0.000012840 |
0.000013810 – 0.000013830 – 0.000014150 – 0.000013580 – 0.000013530 – 0.000013860 — 27.301854130969 – 26.452288356365
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Last Engulfing Top – Triple bottom chart pattern – –