SHIB/USDT – 4H – BUYThe combination Shiba Inu/Tether (SHIB/USDT) breaks through the bearish trendline upwards
A bullish trend up to the next resistance line at 0.000012150 is expected.
Caution: A possible reversal of the trend in the direction of the support line at could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The currency pair could go up.
Furthermore a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish chart scenario. 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 | 0.000013620 |
| 2nd High | 0.000012330 |
| Next High | 0.000012150 |
| Current Price | 0.000013520 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.000012150 – 0.000011800 – 0.000012330 – 0.000011210 – 0.000011260 – 0.000011050
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Double bottom chart pattern