SHIB/USDT – 1H – BUYThe pair breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance line at 0.000021690 will persist.
Caution: A possible change in the direction of the support level at 0.000018400 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Current target is 1.99E-5 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 0.000021690 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three White Soldiers’ candlestick chart pattern is found. The candles show ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.000021690 |
| Current Price | 0.000020500 |
| Next Low | 0.000018400 |
| 2nd Low | 0.000018300 |
| 3rd Low | 0.000017530 |