SHIB/USDT – 1H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

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

A bearish movement down to the next support line at 0.000012710 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000014190 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

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

Furthermore a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support 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 0.5-Level.Continuation of the current descending trend is expected. Current target is 1.235076E-5 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 0.000014190 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘On Neck’ chart pattern is found. The candles form ‘On Neck’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).

0.000014190 – 0.000014030 – 0.000013920 – 0.000012710 – 0.000012820 – 0.000013260 — 27.01224459924 – 23.839000732229

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