SHIB/USDT – 1H – BUYThe currency pair breaks through the descending trendline up.
The bullish trend upwards to the next resistance line at 0.000019480 will persist.
Caution: A possible trend reversal in the direction of support at 0.000018400 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 1.99E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.000019480 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000019900 |
| 2nd High | 0.000019510 |
| Next High | 0.000019480 |
| Current Price | 0.000019450 |
| Next Low | 0.000018400 |
| 2nd Low | 0.000018300 |
| 3rd Low | 0.000017530 |