SHIB/USDT – 4H – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

The pair Shiba Inu/Tether (SHIB/USDT) moves from the bullish trendline downwards

A descending movement downwards to the next support line at 0.000011210 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000013870 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Also there is a ‘On Neck’ candlestick chart pattern is detected. The candles show ‘On Neck’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘On Neck’ going 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