SHIB/USDT – 4H – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.

The combination Shiba Inu/Tether (SHIB/USDT) goes from the ascending trendline downwards

A descending movement down to the next support at 0.000012500 will persist.

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

Besides a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.185E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 0.000014190 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

0.000014190 – 0.000014060 – 0.000014380 – 0.000012500 – 0.000012710 – 0.000011850 — 38.423416341301 – 36.518418356375

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