SHIB/USDT – 1H – BUYThe currency pair Shiba Inu/Tether (SHIB/USDT) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance line at 0.000012890 will continue.
Caution: A possible reversal of the trend in the direction of the support line at 0.000012370 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 | 0.000012890 |
| Current Price | 0.000012550 |
| Next Low | 0.000012370 |
| 2nd Low | 0.000011890 |
| 3rd Low | 0.000011410 |
0.000012890 – 0.000012830 – 0.000012970 – 0.000012370 – 0.000011890 – 0.000012690
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji