SHIB/USDT – 30M – BUYThe combination Shiba Inu/Tether (SHIB/USDT) breaks through the descending trendline upwards
A bullish movement up to the next resistance level at 0.000012830 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 0.000011890 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair could go up.
Moreover a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. which is a positive pattern 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 | 0.000013340 |
| 2nd High | 0.000012970 |
| Next High | 0.000012830 |
| Current Price | 0.000012830 |
| Next Low | 0.000011890 |
| 2nd Low | 0.000011410 |
| 3rd Low | 0.000010760 |
0.000012830 – 0.000012970 – 0.000012950 – 0.000011890 – 0.000012690 – 0.000012790
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji