SHIB/USDT – 4H – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.

The combination Shiba Inu/Tether (SHIB/USDT) moves from the ascending trendline down.

A descent down to the next support at 0.000011210 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.000013870 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Besides a ‘On Neck’ candle chart pattern is found. The chart forms ‘On Neck’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).

0.000013870 – 0.000012150 – 0.000011800 – 0.000011210 – 0.000011260 – 0.000011050

Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – On Neck – Rising Wedge Chart Pattern