SHIB/USDT – 4H – SELL

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

A bearish movement down to the next support line at 0.000011210 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.000013870 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 1.296612E-5 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 0.000013870 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

0.000013870 – 0.000012150 – 0.000011800 – 0.000011210 – 0.000011260 – 0.000011050

Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – – Rising Wedge Chart Pattern