SHIB/USDT – 4H – BUYThe combination Shiba Inu/Tether (SHIB/USDT) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance at 0.000012150 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.000011260 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.
Moreover a ‘Bullish Belt Hold’ candle chart pattern is discovered. The chart forms ‘Bullish Belt Hold’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013620 |
| 2nd High | 0.000012330 |
| Next High | 0.000012150 |
| Current Price | 0.000011480 |
| Next Low | 0.000011260 |
| 2nd Low | 0.000011050 |
| 3rd Low | 0.000010040 |
0.000012150 – 0.000011800 – 0.000012330 – 0.000011260 – 0.000011050 – 0.000010040
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Bullish Belt Hold – Double top retreat up