SHIB/USDT – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

The pair Shiba Inu/Tether (SHIB/USDT) goes from the bullish trendline down.

A bearish movement downwards to the next support line at 0.000013970 will persist.

Caution: A possible change in the direction of the resistance zone at 0.000014380 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Next a ‘RSI fall below 70’ indicator layout is existing. The indicator shows ‘RSI fall below 70’. this is usually a bearish chart signal. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 1.399486E-5 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.000014380 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.000014380 – 0.000014280 – 0.000014200 – 0.000013970 – 0.000013890 – 0.000013910 — 46.160419119929 – 45.402641135698

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –