SHIB/USDT – 30M – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) goes from the ascending trendline downwards
A descending movement downwards to the next support level at 0.000012750 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.000014160 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The 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 | 0.000015740 |
| 2nd High | 0.000014700 |
| Next High | 0.000014160 |
| Current Price | 0.000013370 |
| Next Low | 0.000012750 |
| 2nd Low | 0.000011450 |
| 3rd Low | 0.000011370 |
0.000014160 – 0.000013500 – 0.000013540 – 0.000012750 – 0.000013080 – 0.000013090
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern