SHIB/USDT – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

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

The bearish trend down to the next support line at 0.000013890 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.000014200 could happen.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘RSI cross above 70’ indicator layout is existing. The indicator is ‘RSI cross above 70’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

0.000014200 – 0.000014190 – 0.000014170 – 0.000013890 – 0.000013910 – 0.000013940 — 52.055261454578 – 50.188884866985

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