SHIB/USDT – 30M – SELLThe pair Shiba Inu/Tether (SHIB/USDT) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 0.000011390 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000011590 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012150 |
| 2nd High | 0.000012000 |
| Next High | 0.000011590 |
| Current Price | 0.000011350 |
| Next Low | 0.000011390 |
| 2nd Low | 0.000011210 |
| 3rd Low | 0.000011050 |
0.000011590 – 0.000012000 – 0.000012150 – 0.000011390 – 0.000011210 – 0.000011480
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji –