Sell SHIB/USDT – 4H – SELL

The currency pair Shiba Inu/Tether (SHIB/USDT) jumps from the bearish trendline downwards

A continuation of the downward movement down to the next support line at 0.000010040 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 0.000011800 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

Support & Resistance Price Range*
3rd High 0.000013620
2nd High 0.000012330
Next High 0.000011800
Current Price 0.000011520
Next Low 0.000010040
2nd Low
3rd Low

0.000011800 – 0.000012330 – 0.000013620 – 0.000010040 – 0.000011340 – 0.000011510

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