SHIB/USDT – 1H – BUYThe combination Shiba Inu/Tether (SHIB/USDT) breaks through the descending trendline up.
An ascent up to the next resistance line at 0.000013920 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 0.000012710 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. which is a positive signal. 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000014060 |
| 2nd High | 0.000014000 |
| Next High | 0.000013920 |
| Current Price | 0.000013760 |
| Next Low | 0.000012710 |
| 2nd Low | 0.000011850 |
| 3rd Low | 0.000011450 |
0.000013920 – 0.000014000 – 0.000014060 – 0.000012710 – 0.000012820 – 0.000013260 — 55.181338918046 – 55.567441353734
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Northern Doji – Triple bottom chart pattern – –