And also a ‘Symmetrical Triangle Chart Pattern’ chart layout is found. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The pair Shiba Inu/Tether (SHIB/USDT) goes from the bullish trendline down.
The bearish trend down to the next support at is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.000013040 could occur.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.
And also a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013560 |
| 2nd High | 0.000013060 |
| Next High | 0.000013040 |
| Current Price | 0.000012900 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.000013040 – 0.000013060 – 0.000012990 – 0.000012800 – 0.000012820 – 0.000012770 — 49.436014214552 – 45.350320517183
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Northern Doji – Symmetrical Triangle Chart Pattern – –