SHIB/USDT – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

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

A bearish movement down to the next support line at 0.000012710 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.000014190 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The pair is likely to go down.

Additionally a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish chart scenario. 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 is expected. Target of the current trend is 1.235076E-5 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.000014190 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘On Neck’ chart pattern is discovered. The candles show ‘On Neck’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).

0.000014190 – 0.000014030 – 0.000013920 – 0.000012710 – 0.000012820 – 0.000013260 — 27.01224459924 – 23.839000732229

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