The currency pair Shiba Inu/Tether (SHIB/USDT) breaks through the descending trendline upwards
An ascent upwards to the next resistance level at 0.000013170 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.000012890 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Northern Doji’ candlestick pattern is detected. The chart forms ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013830 |
| 2nd High | 0.000013810 |
| Next High | 0.000013170 |
| Current Price | 0.000013080 |
| Next Low | 0.000012890 |
| 2nd Low | 0.000012850 |
| 3rd Low | 0.000012840 |
0.000013170 – 0.000013810 – 0.000013830 – 0.000012890 – 0.000012920 – 0.000013580 — 44.630775663388 – 51.540049953148
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Northern Doji – Double bottom retreat down – –