SHIB/USDT – 30M – BUYThe currency pair Shiba Inu/Tether (SHIB/USDT) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance level at 0.000011590 will continue.
Caution: A possible counter-trend in the direction of the support level at 0.000011390 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.
Next a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012150 |
| 2nd High | 0.000012000 |
| Next High | 0.000011590 |
| Current Price | 0.000011420 |
| Next Low | 0.000011390 |
| 2nd Low | 0.000011210 |
| 3rd Low | 0.000011050 |
0.000011590 – 0.000012000 – 0.000012150 – 0.000011390 – 0.000011210 – 0.000011480
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Double top retreat up