The currency pair Shiba Inu/Tether (SHIB/USDT) goes from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 0.000013200 will persist.
Caution: A possible trend reversal in the direction of the support line at 0.000012680 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 1.32E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.000013200 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. which is a positive chart scenario. 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 | 0.000014190 |
| 2nd High | 0.000013510 |
| Next High | 0.000013200 |
| Current Price | 0.000012980 |
| Next Low | 0.000012680 |
| 2nd Low | 0.000012660 |
| 3rd Low | 0.000012150 |
0.000013200 – 0.000012980 – 0.000012480 – 0.000012680 – 0.000012660 – 0.000012150 — 49.652900169739 – 51.792332885648
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Northern Doji – Double bottom retreat down – –