SHIB/USDT – 30M – BUYThe currency pair Shiba Inu/Tether (SHIB/USDT) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance level at 0.000012450 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.000012280 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Bullish Belt Hold’ candle chart pattern is found. The candles form ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012730 |
| 2nd High | 0.000012480 |
| Next High | 0.000012450 |
| Current Price | 0.000012420 |
| Next Low | 0.000012280 |
| 2nd Low | 0.000012240 |
| 3rd Low | 0.000011980 |
0.000012450 – 0.000012480 – 0.000012440 – 0.000012280 – 0.000012240 – 0.000011980 — 48.391123467706 – 52.759449378542
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Bullish Belt Hold – – –