The pair Shiba Inu/Tether (SHIB/USDT) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 0.000014480 will persist.
Caution: A possible change in the direction of the resistance zone at 0.000015360 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. 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 | 0.000015780 |
| 2nd High | 0.000015510 |
| Next High | 0.000015360 |
| Current Price | 0.000014990 |
| Next Low | 0.000014480 |
| 2nd Low | 0.000014220 |
| 3rd Low | 0.000013870 |
0.000015360 – 0.000015510 – 0.000015780 – 0.000014480 – 0.000014220 – 0.000013870
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Double bottom retreat down