The pair Shiba Inu/Tether (SHIB/USDT) breaks through the descending trendline up.
A bullish movement upwards to the next resistance level at 0.000013980 is considered certain.
Caution: A possible change in the direction of the support zone at 0.000013680 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘StochRSI fall below 80’ indicator layout is discovered. The indicator is ‘StochRSI fall below 80’. which could be a negative chart scenario. The currency pair is likely to fall.
Also there is a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000014380 |
| 2nd High | 0.000014060 |
| Next High | 0.000013980 |
| Current Price | 0.000013970 |
| Next Low | 0.000013680 |
| 2nd Low | 0.000012750 |
| 3rd Low | 0.000012370 |
0.000013980 – 0.000014060 – 0.000013330 – 0.000013680 – 0.000012750 – 0.000012370 — 58.487812940698 – 61.226935508091
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Northern Doji – Double bottom chart pattern – –