SHIB/USDT – 1H – BUYThe currency pair Shiba Inu/Tether (SHIB/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance level at 0.000011590 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 0.000011210 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012150 |
| 2nd High | 0.000012000 |
| Next High | 0.000011590 |
| Current Price | 0.000011440 |
| Next Low | 0.000011210 |
| 2nd Low | 0.000011050 |
| 3rd Low | 0.000010040 |
0.000011590 – 0.000012000 – 0.000012150 – 0.000011210 – 0.000011720 – 0.000011320
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Double top retreat up