SHIB/USDT – 4H – SELL

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

A bearish descent down to the next support level at will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 1.0E-5 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

There is also 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.

There is also a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.

There is also a ‘Last Engulfing Top’ candlestick chart pattern is existing. The candles show ‘Last Engulfing Top’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

1.0E-5 – 1.0E-5 – 1.0E-5 – 1.0E-5 – 1.0E-5 – 1.0E-5 —
0.000007710 – 0.000007820 —
46.393979379914 – 51.814022173657 —
– —
0.00001 – 1769184000

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –