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
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Double bottom chart pattern