SHIB/USDT – 30M – BUYThe pair Shiba Inu/Tether (SHIB/USDT) moves from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance line at 0.000011970 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 0.000011370 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 1.1655E-5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.000011970 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012150 |
| 2nd High | 0.000012000 |
| Next High | 0.000011970 |
| Current Price | 0.000011570 |
| Next Low | 0.000011370 |
| 2nd Low | 0.000011340 |
| 3rd Low | 0.000011210 |
0.000011970 – 0.000011920 – 0.000011500 – 0.000011650 – 0.000011370 – 0.000011340
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Double top retreat up