SHIB/USDT – 1H – BUYThe combination Shiba Inu/Tether (SHIB/USDT) breaks through the descending trendline up.
An ascent up to the next resistance line at 0.000011770 is likely expected.
Caution: A possible change in the direction of the support level at 0.000010040 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012330 |
| 2nd High | 0.000011790 |
| Next High | 0.000011770 |
| Current Price | 0.000010780 |
| Next Low | 0.000010040 |
| 2nd Low | |
| 3rd Low |
0.000011770 – 0.000011790 – 0.000012330 – 0.000010040 – 0.000010570 – 0.000011350
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji