SHIB/USDT – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.

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

A descending movement downwards to the next support level at is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000013200 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Moreover a ‘Matching Low’ candlestick chart pattern is existing. The chart shows ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.000013200 – 0.000012960 – 0.000012980 – 0.000012680 – 0.000012660 – 0.000012750 — 46.663362085487 – 46.663362085487

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