The pair Shiba Inu/Tether (SHIB/USDT) goes from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 0.000011800 will persist.
Caution: A possible change in the direction of the support zone at 0.000011050 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.
Moreover a ‘Northern Doji’ chart pattern is found. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘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 | 0.000011970 |
Next Low | 0.000011050 |
2nd Low | 0.000010040 |
3rd Low |
0.000011800 – 0.000012330 – 0.000013620 – 0.000011050 – 0.000010040 – 0.000011340
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Double top retreat up