SHIB/USDT – 4H – BUYThe currency pair Shiba Inu/Tether (SHIB/USDT) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance at 0.000015780 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.000012750 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘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 | 0.000017650 |
| 2nd High | 0.000016000 |
| Next High | 0.000015780 |
| Current Price | 0.000015270 |
| Next Low | 0.000012750 |
| 2nd Low | 0.000011210 |
| 3rd Low | 0.000011050 |
0.000015780 – 0.000014160 – 0.000013870 – 0.000012750 – 0.000011210 – 0.000011260
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Double bottom chart pattern