SHIB/USDT – 1H – BUYThe combination Shiba Inu/Tether (SHIB/USDT) goes from the ascending trendline up.
A continuation of the uptrend up to the next resistance at 0.000015360 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 0.000014220 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. 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 | 0.000016000 |
| 2nd High | 0.000015780 |
| Next High | 0.000015360 |
| Current Price | 0.000014700 |
| Next Low | 0.000014220 |
| 2nd Low | 0.000013870 |
| 3rd Low | 0.000012750 |
0.000015360 – 0.000015780 – 0.000014850 – 0.000014220 – 0.000013870 – 0.000012750
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji –