SHIB/USDT – 1H – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

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

A descent down to the next support at 0.000014480 is expected.

Caution: A possible change in the direction of resistance at 0.000015970 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.

Besides a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘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