SHIB/USDT – 1H – SELLThe pair Shiba Inu/Tether (SHIB/USDT) goes from the ascending trendline down.
A bearish movement down to the next support level at 0.000013870 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000016000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Southern Doji’ chart pattern is found. The chart shows ‘Southern Doji’. this 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 ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.000017650 |
| Next High | 0.000016000 |
| Current Price | 0.000015080 |
| Next Low | 0.000013870 |
| 2nd Low | 0.000012750 |
| 3rd Low | 0.000011450 |
0.000014850 – 0.000013830 – 0.000014160 – 0.000013870 – 0.000012750 – 0.000013080
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Southern Doji – Inverse Head and Shoulder chart pattern