SHIB/USDT – 30M – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

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

A bearish trend down to the next support line at 0.000015090 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000015890 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.

There is also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.488E-5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.000015890 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.000015890 – 0.000015840 – 0.000015230 – 0.000015090 – 0.000014480 – 0.000014220

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