The pair Shiba Inu/Tether (SHIB/USDT) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 0.000013410 is certain.
Caution: A possible change in the direction of the resistance level at 0.000014050 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015670 |
| 2nd High | 0.000015520 |
| Next High | 0.000014050 |
| Current Price | 0.000013410 |
| Next Low | 0.000013410 |
| 2nd Low | 0.000012750 |
| 3rd Low | 0.000011450 |
0.000014050 – 0.000015520 – 0.000015370 – 0.000013410 – 0.000014730 – 0.000015170
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Northern Doji – Double top chart pattern –