The pair Shiba Inu/Tether (SHIB/USDT) moves from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance at 0.000013380 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.000012820 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candlestick chart pattern is discovered. 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 | 0.000014700 |
| 2nd High | 0.000013440 |
| Next High | 0.000013380 |
| Current Price | 0.000013150 |
| Next Low | 0.000012820 |
| 2nd Low | 0.000012330 |
| 3rd Low | 0.000011890 |
0.000013380 – 0.000013220 – 0.000012770 – 0.000012820 – 0.000012330 – 0.000012410
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji