The combination Shiba Inu/Tether (SHIB/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance line at 0.000012650 is considered certain.
Caution: A possible counter-trend in the direction of support at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair could go up.
Also there is a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013510 |
| 2nd High | 0.000013140 |
| Next High | 0.000012650 |
| Current Price | 0.000012570 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.000012650 – 0.000012620 – 0.000012420 – 0.000012390 – 0.000012420 – 0.000012100 — 57.813435328634 – 57.813435328634
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Northern Doji – – –