SHIB/USDT – 30M – SELL

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

A bearish descent downwards to the next support at is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 1.0E-5 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.

Moreover a ‘Bearish Engulfing’ chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

1.0E-5 – 1.0E-5 – 1.0E-5 – 1.0E-5 – 1.0E-5 – 1.0E-5 —
0.000007670 – 0.000007790 —
51.015361098212 – 60.316773802371 —
– —
0.00001 – 1769414400

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –