SHIB/USDT – 1H – BUYThe combination Shiba Inu/Tether (SHIB/USDT) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance at 0.000014850 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 0.000012750 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000017650 |
| 2nd High | 0.000016000 |
| Next High | 0.000014850 |
| Current Price | 0.000015230 |
| Next Low | 0.000012750 |
| 2nd Low | 0.000011450 |
| 3rd Low | 0.000011340 |
0.000014850 – 0.000013830 – 0.000014160 – 0.000012750 – 0.000013080 – 0.000013090
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Triple bottom chart pattern