SHIB/USDT – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.

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

The bearish trend down to the next support level at 0.000012340 is likely expected.

Caution: A possible change in the direction of resistance at 0.000012480 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Down’ candle pattern is existing. The candles form ‘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 chance of ‘Three Outside Down’ going 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 – –