SHIB/USDT – 4H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

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

A bearish descent down to the next support level at is expected.

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

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘RSI fall below 30’ indicator layout is found. The indicator shows ‘RSI fall below 30’. which is often a bearish chart signal. 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. Current target is 1.222864E-5 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 0.000015970 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is detected. The candles show ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.000015970 – 0.000015780 – 0.000014160 – 0.000012970 – 0.000012750 – 0.000011210 — 38.081376354376 – 34.233794573999

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern –