SHIB/USDT – 4H – BUYThe combination Shiba Inu/Tether (SHIB/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance at 0.000011800 is considered certain.
Caution: A possible change in the direction of the support line at 0.000010040 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair could go up.
Furthermore a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair could go up.
Furthermore a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. which is a bullish signal. The 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 | 0.000013620 |
| 2nd High | 0.000012330 |
| Next High | 0.000011800 |
| Current Price | 0.000011610 |
| Next Low | 0.000010040 |
| 2nd Low | |
| 3rd Low |
0.000011800 – 0.000012330 – 0.000013620 – 0.000010040 – 0.000011340 – 0.000011510
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji –