SHIB/USDT – 4H – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

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

A descent down to the next support level at 0.000012500 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000014190 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.185E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 0.000014190 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Black Crows’ candlestick chart pattern is found. The candles form ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

0.000014190 – 0.000014060 – 0.000014380 – 0.000012500 – 0.000012710 – 0.000011850 — 38.423416341301 – 36.518418356375

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