SHIB/USDT – 30M – BUYThe combination Shiba Inu/Tether (SHIB/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 0.000013870 is expected.
Caution: A possible reversal of the trend in the direction of support at 0.000013080 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish chart scenario. 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015740 |
| 2nd High | 0.000014700 |
| Next High | 0.000013870 |
| Current Price | 0.000013880 |
| Next Low | 0.000013080 |
| 2nd Low | 0.000012820 |
| 3rd Low | 0.000011450 |
0.000013500 – 0.000013540 – 0.000013500 – 0.000013080 – 0.000013090 – 0.000012820
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Double top retreat up