The pair Shiba Inu/Tether (SHIB/USDT) breaks through the bearish trendline upwards
A bullish trend up to the next resistance line at 0.000013750 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.000013400 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Current target is 1.392E-5 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.000013750 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. which is a positive pattern signal. 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 | 0.000014000 |
| 2nd High | 0.000013920 |
| Next High | 0.000013750 |
| Current Price | 0.000013810 |
| Next Low | 0.000013400 |
| 2nd Low | 0.000012710 |
| 3rd Low | 0.000012370 |
0.000013750 – 0.000013170 – 0.000013420 – 0.000013400 – 0.000012710 – 0.000012820 — 63.170526817967 – 64.890600913971
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Northern Doji – Triple bottom chart pattern – –