SHIB/USDT – 30M – BUYThe combination Shiba Inu/Tether (SHIB/USDT) goes from the bearish trendline up.
A bullish ascent up to the next resistance level at 0.000012000 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 0.000011210 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.
Next a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. 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 | 0.000012330 |
| 2nd High | 0.000012150 |
| Next High | 0.000012000 |
| Current Price | 0.000011350 |
| Next Low | 0.000011210 |
| 2nd Low | 0.000011050 |
| 3rd Low | 0.000010040 |
0.000012000 – 0.000012150 – 0.000011630 – 0.000011210 – 0.000011480 – 0.000011720
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji –