SHIB/USDT – 30M – SELLThe pair Shiba Inu/Tether (SHIB/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 0.000013080 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000014160 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘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 | 0.000014160 |
| Current Price | 0.000013110 |
| Next Low | 0.000013080 |
| 2nd Low | 0.000012820 |
| 3rd Low | 0.000011450 |
0.000014160 – 0.000013500 – 0.000013540 – 0.000013080 – 0.000013090 – 0.000012820
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Double top chart pattern