SHIB/USDT – 30M – BUYAnd also a ‘Falling Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Falling Wedge Chart Pattern’. this is a bullish chart scenario. The currency pair is likely to rise.
The combination Shiba Inu/Tether (SHIB/USDT) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance level at 0.000012120 is certain.
Caution: A possible change in the direction of the support level at 0.000011800 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The pair is likely to go up.
And also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 1.224E-5 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 0.000012120 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ candle 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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012240 |
| 2nd High | 0.000012150 |
| Next High | 0.000012120 |
| Current Price | 0.000012120 |
| Next Low | 0.000011800 |
| 2nd Low | 0.000011510 |
| 3rd Low | 0.000011410 |
0.000012120 – 0.000012150 – 0.000012240 – 0.000011800 – 0.000011880 – 0.000011870
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji