SHIB/USDT – 1H – BUYThe pair Shiba Inu/Tether (SHIB/USDT) breaks through the bearish trendline up.
The bullish trend upwards to the next resistance level at 0.000012440 is certain.
Caution: A possible counter-trend in the direction of the support line at 0.000011850 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘StochRSI cross above 20’ indicator layout is detected. The indicator shows ‘StochRSI cross above 20’. this is usually a bullish chart signal. The currency pair could go up.
Furthermore a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013680 |
| 2nd High | 0.000013180 |
| Next High | 0.000012440 |
| Current Price | 0.000012470 |
| Next Low | 0.000011850 |
| 2nd Low | 0.000011450 |
| 3rd Low | 0.000011340 |
0.000012440 – 0.000013180 – 0.000013680 – 0.000011850 – 0.000011930 – 0.000012240 — 60.214901787772 – 65.93970133582
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Northern Doji – Double bottom chart pattern – –