SHIB/USDT – 1H – BUYThe combination Shiba Inu/Tether (SHIB/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance line at 0.000013540 will continue.
Caution: A possible trend reversal in the direction of the support zone at 0.000012820 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish chart scenario. 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 | 0.000014700 |
| 2nd High | 0.000013870 |
| Next High | 0.000013540 |
| Current Price | 0.000013250 |
| Next Low | 0.000012820 |
| 2nd Low | 0.000011450 |
| 3rd Low | 0.000011340 |
0.000013540 – 0.000013870 – 0.000011970 – 0.000012820 – 0.000013050 – 0.000011450
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji –