SHIB/USDT – 4H – BUYThe pair Shiba Inu/Tether (SHIB/USDT) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance level at 0.000014160 will continue.
Caution: A possible counter-trend in the direction of the support line at 0.000012750 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000016000 |
| 2nd High | 0.000014700 |
| Next High | 0.000014160 |
| Current Price | 0.000014500 |
| Next Low | 0.000012750 |
| 2nd Low | 0.000011210 |
| 3rd Low | 0.000011050 |
0.000014160 – 0.000013870 – 0.000012150 – 0.000012750 – 0.000011210 – 0.000011260
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Triple bottom chart pattern