SHIB/USDT – 1H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.

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

A bearish trend down to the next support at 0.000014480 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.000015970 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Moreover a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. 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 chance of ‘Three Black Crows’ going down is 82%.

0.000015970 – 0.000015230 – 0.000015360 – 0.000014480 – 0.000014220 – 0.000013870

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