SHIB/USDT – 30M – SELLThe pair Shiba Inu/Tether (SHIB/USDT) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.000011650 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 0.000011970 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. 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 | 0.000011970 |
| Current Price | 0.000011860 |
| Next Low | 0.000011650 |
| 2nd Low | 0.000011370 |
| 3rd Low | 0.000011340 |
0.000011970 – 0.000011920 – 0.000011500 – 0.000011650 – 0.000011370 – 0.000011340
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Double top retreat up