SHIB/USDT – 30M – SELL

And also a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.

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

A bearish descent down to the next support at 0.000013970 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.000014380 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.

And also a ‘Resistance Level’ indicator signal is found. 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 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 1.399486E-5 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.000014380 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Two Crows’ chart pattern is found. The chart shows ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.000014380 – 0.000014280 – 0.000014200 – 0.000013970 – 0.000013890 – 0.000013910 — 45.934325115366 – 38.058706735828

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