SHIB/USDT – 1H – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) jumps from the ascending trendline downwards
A descent down to the next support line at 0.000011350 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000011770 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The 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 | 0.000012330 |
| 2nd High | 0.000011790 |
| Next High | 0.000011770 |
| Current Price | 0.000011280 |
| Next Low | 0.000011350 |
| 2nd Low | 0.000011340 |
| 3rd Low | 0.000010490 |
0.000011770 – 0.000011790 – 0.000012330 – 0.000011350 – 0.000011340 – 0.000011630
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji