SHIB/USDT – 1H – BUYThe pair Shiba Inu/Tether (SHIB/USDT) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 0.000013440 is certain.
Caution: A possible trend reversal in the direction of the support level at 0.000012330 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.
Additionally a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000016000 |
| 2nd High | 0.000014700 |
| Next High | 0.000013440 |
| Current Price | 0.000013350 |
| Next Low | 0.000012330 |
| 2nd Low | 0.000011890 |
| 3rd Low | 0.000011410 |
0.000013220 – 0.000012770 – 0.000012720 – 0.000012330 – 0.000012410 – 0.000012370
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji