SHIB/USDT – 1H – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) goes from the ascending trendline down.
A bearish descent downwards to the next support line at 0.000012330 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.000013620 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. 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 | 0.000016000 |
| 2nd High | 0.000014700 |
| Next High | 0.000013620 |
| Current Price | 0.000011720 |
| Next Low | 0.000012330 |
| 2nd Low | 0.000011890 |
| 3rd Low | 0.000011410 |
0.000013620 – 0.000013380 – 0.000013220 – 0.000012330 – 0.000012410 – 0.000012370
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji