The currency pair Shiba Inu/Tether (SHIB/USDT) breaks through the descending trendline upwards
The bullish trend up to the next resistance level at 0.000013800 is certain.
Caution: A possible reversal of the trend in the direction of the support line at should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.
There is also a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000014050 |
| 2nd High | 0.000014020 |
| Next High | 0.000013800 |
| Current Price | 0.000013740 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.000013800 – 0.000014020 – 0.000014050 – 0.000013240 – 0.000013200 – 0.000012970 — 53.788790085163 – 59.65416945634
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Northern Doji – –