SHIB/USDT – 1H – BUYThe pair Shiba Inu/Tether (SHIB/USDT) breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance at 0.000013870 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.000011450 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. this 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000016000 |
| 2nd High | 0.000014700 |
| Next High | 0.000013870 |
| Current Price | 0.000013360 |
| Next Low | 0.000011450 |
| 2nd Low | 0.000011340 |
| 3rd Low | 0.000011210 |
0.000013870 – 0.000011970 – 0.000011590 – 0.000011450 – 0.000011340 – 0.000011210
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji –