SHIB/USDT – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture shows ‘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 downwards

A descent down to the next support level at 0.000013970 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000014230 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘RSI fall below 70’ indicator layout is found. The indicator shows ‘RSI fall below 70’. which could be a negative signal. The pair is likely to go down.

Next a ‘Tweezers Top’ candle pattern is found. The chart shows ‘Tweezers Top’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

0.000014230 – 0.000014110 – 0.000013800 – 0.000013970 – 0.000013240 – 0.000013200 — 61.217328617402 – 55.351040750535

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Tweezers Top – Rising Wedge Chart Pattern –