The pair Shiba Inu/Tether (SHIB/USDT) moves from the descending trendline upwards
The bullish trend upwards to the next resistance at 0.000013180 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.000012240 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 1.274504E-5 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.000013180 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ chart pattern is found. The chart shows ‘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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000014380 |
| 2nd High | 0.000013680 |
| Next High | 0.000013180 |
| Current Price | 0.000012360 |
| Next Low | 0.000012240 |
| 2nd Low | 0.000011450 |
| 3rd Low | 0.000011340 |
0.000013180 – 0.000013680 – 0.000014380 – 0.000012240 – 0.000012890 – 0.000013890 — 45.751800342636 – 46.594207376189
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Northern Doji – Triple top chart pattern –