SHIB/USDT – 4H – BUYThe combination breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 0.000021690 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.000016190 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.99E-5 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.000021690 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three White Soldiers’ candle chart pattern is detected. The candles form ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.000021690 |
| Current Price | 0.000020900 |
| Next Low | 0.000016190 |
| 2nd Low | 0.000015830 |
| 3rd Low | 0.000015480 |