SHIB/USDT – 30M – BUYThe pair Shiba Inu/Tether (SHIB/USDT) breaks through the descending trendline upwards
An ascent upwards to the next resistance at 0.000014020 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 0.000012970 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘RSI cross above 30’ indicator layout is discovered. The indicator shows ‘RSI cross above 30’. which is often a bullish signal. The pair is likely to go up.
Moreover a ‘Bullish Engulfing’ candle pattern is existing. The candles form ‘Bullish Engulfing’. 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 probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015520 |
| 2nd High | 0.000014050 |
| Next High | 0.000014020 |
| Current Price | 0.000013500 |
| Next Low | 0.000012970 |
| 2nd Low | 0.000012750 |
| 3rd Low | 0.000011450 |
0.000014020 – 0.000014050 – 0.000015520 – 0.000012970 – 0.000013410 – 0.000014730 — 41.165139983928 – 47.047125952741
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Bullish Engulfing – Triple top chart pattern –