SHIB/USDT – 30M – BUYThe currency pair Shiba Inu/Tether (SHIB/USDT) moves from the descending trendline upwards
A bullish movement up to the next resistance at 0.000024560 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 0.000022590 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bullish Engulfing’ candlestick chart pattern is detected. The candles show ‘Bullish Engulfing’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000030460 |
| 2nd High | 0.000026780 |
| Next High | 0.000024560 |
| Current Price | 0.000023790 |
| Next Low | 0.000022590 |
| 2nd Low | 0.000018840 |
| 3rd Low | 0.000018400 |