SHIB/USDT – 30M – BUYThe currency pair Shiba Inu/Tether (SHIB/USDT) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance at 0.000011500 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 0.000011340 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Tweezers Bottom’ candlestick chart pattern is found. The chart shows ‘Tweezers Bottom’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000011590 |
| 2nd High | 0.000011510 |
| Next High | 0.000011500 |
| Current Price | 0.000011410 |
| Next Low | 0.000011340 |
| 2nd Low | 0.000011210 |
| 3rd Low | 0.000011050 |
0.000011500 – 0.000011510 – 0.000011590 – 0.000011340 – 0.000011390 – 0.000011210
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Tweezers Bottom –