SHIB/USDT – 30M – BUYThe currency pair Shiba Inu/Tether (SHIB/USDT) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance line at 0.000013540 will continue.
Caution: A possible counter-trend in the direction of the support zone at 0.000013120 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. 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 | 0.000015740 |
| 2nd High | 0.000014700 |
| Next High | 0.000013540 |
| Current Price | 0.000013570 |
| Next Low | 0.000013120 |
| 2nd Low | 0.000013100 |
| 3rd Low | 0.000012840 |
0.000013540 – 0.000013390 – 0.000013380 – 0.000013120 – 0.000013100 – 0.000012840
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji