SHIB/USDT – 1H – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.

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

A bearish movement downwards to the next support at 0.000012680 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000013200 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Matching Low’ candlestick chart pattern is found. The candles show ‘Matching Low’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.000013200 – 0.000012980 – 0.000012480 – 0.000012680 – 0.000012660 – 0.000012150 — 53.397697704206 – 53.397697704206

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –