SHIB/USDT – 30M – SELL

Then a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

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

A bearish movement down to the next support at 0.000012340 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000012480 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Three Outside Down’ candlestick pattern is discovered. The candles show ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.000012480 – 0.000012410 – 0.000012290 – 0.000012340 – 0.000012320 – 0.000012150 — 63.270994168621 – 59.182789681861

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