The pair Shiba Inu/Tether (SHIB/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance line at 0.000013260 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.000012860 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013830 |
| 2nd High | 0.000013810 |
| Next High | 0.000013260 |
| Current Price | 0.000013080 |
| Next Low | 0.000012860 |
| 2nd Low | 0.000012850 |
| 3rd Low | 0.000012840 |
0.000013260 – 0.000013170 – 0.000013810 – 0.000012860 – 0.000012890 – 0.000012920 — 45.146700562929 – 46.429398124409
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Northern Doji – – –