SHIB/USDT – 30M – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) jumps from the bullish trendline downwards
A descent down to the next support at 0.000013080 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.000014160 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.
Moreover a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency 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 | 0.000014160 |
| Current Price | 0.000012880 |
| 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 – Rising Wedge Chart Pattern