SHIB/USDT – 4H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart layout is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.

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

A descent down to the next support level at is certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.000015970 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.

Moreover a ‘RSI fall below 30’ indicator layout is existing. The indicator shows ‘RSI fall below 30’. which is often a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 1.222864E-5 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 0.000015970 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Down’ candlestick pattern is detected. The candles show ‘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 chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.000015970 – 0.000015780 – 0.000014160 – 0.000012970 – 0.000012750 – 0.000011210 — 38.081376354376 – 34.233794573999

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