SHIB/USDT – 30M – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

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

A bearish trend downwards to the next support line at 0.000013970 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 0.000014380 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair is likely to fall.

In addition a ‘RSI fall below 70’ indicator signal is detected. The indicator is ‘RSI fall below 70’. which could be a negative signal. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.399486E-5 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.000014380 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ chart pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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 –