SHIB/USDT – 1H – BUYThe combination Shiba Inu/Tether (SHIB/USDT) breaks through the descending trendline up.
A bullish trend up to the next resistance level at 0.000011590 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at could occur.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair could go up.
Furthermore a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. which is a bullish 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 | 0.000011600 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.000011590 – 0.000012000 – 0.000012150 – 0.000011340 – 0.000011210 – 0.000011720
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Double bottom chart pattern