SHIB/USDT – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

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

The bearish trend downwards to the next support line at 0.000012680 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.000013200 could occur.
Consider stop-loss settings accordingly.

Next a ‘Matching Low’ candle pattern is discovered. The candles form ‘Matching Low’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.000013200 – 0.000012980 – 0.000012480 – 0.000012680 – 0.000012660 – 0.000012150 — 53.397697704206 – 53.397697704206

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –