SHIB/USDT – 1H – BUYThe currency pair Shiba Inu/Tether (SHIB/USDT) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance level at 0.000015230 will persist.
Caution: A possible counter-trend in the direction of support at 0.000014480 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish pattern signal. 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 | 0.000015780 |
| 2nd High | 0.000015360 |
| Next High | 0.000015230 |
| Current Price | 0.000015120 |
| Next Low | 0.000014480 |
| 2nd Low | 0.000014220 |
| 3rd Low | 0.000013870 |
0.000015230 – 0.000015360 – 0.000015780 – 0.000014480 – 0.000014220 – 0.000013870
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Triple bottom chart pattern