SHIB/USDT – 1H – BUYThe pair Shiba Inu/Tether (SHIB/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance at 0.000013830 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at 0.000012750 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish pattern 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 | 0.000014700 |
| 2nd High | 0.000014160 |
| Next High | 0.000013830 |
| Current Price | 0.000013780 |
| Next Low | 0.000012750 |
| 2nd Low | 0.000011450 |
| 3rd Low | 0.000011340 |
0.000013830 – 0.000014160 – 0.000013540 – 0.000012750 – 0.000013080 – 0.000013090
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Triple bottom chart pattern