SHIB/USDT – 1H – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) goes from the bearish trendline down.
A continuation of the downtrend down to the next support line at 0.000010570 is expected.
Caution: A possible change in the direction of resistance at 0.000011770 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘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 | 0.000010700 |
| Next Low | 0.000010570 |
| 2nd Low | 0.000010490 |
| 3rd Low | 0.000010280 |
0.000011770 – 0.000011790 – 0.000012330 – 0.000010570 – 0.000011350 – 0.000011340
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji