The currency pair Shiba Inu/Tether (SHIB/USDT) breaks through the bearish trendline upwards
A bullish movement up to the next resistance level at 0.000012860 is certain.
Caution: A possible counter-trend in the direction of the support zone at 0.000012040 could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
And also a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency 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 | 0.000014190 |
| 2nd High | 0.000013390 |
| Next High | 0.000012860 |
| Current Price | 0.000012400 |
| Next Low | 0.000012040 |
| 2nd Low | 0.000011850 |
| 3rd Low | 0.000011450 |
0.000012860 – 0.000013390 – 0.000013050 – 0.000012040 – 0.000012440 – 0.000012900 — 48.297337251659 – 53.512769943245
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Northern Doji – Triple bottom chart pattern – –