The currency pair Shiba Inu/Tether (SHIB/USDT) goes from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance level at 0.000012470 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 0.000012110 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.
Also there is a ‘Tweezers Bottom’ chart pattern is discovered. The candles show ‘Tweezers Bottom’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012570 |
| 2nd High | 0.000012480 |
| Next High | 0.000012470 |
| Current Price | 0.000012260 |
| Next Low | 0.000012110 |
| 2nd Low | 0.000012000 |
| 3rd Low | 0.000011810 |
0.000012470 – 0.000012480 – 0.000012220 – 0.000012110 – 0.000012000 – 0.000012170 — 35.276440317392 – 40.284855945902
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Tweezers Bottom – Symmetrical Triangle Chart Pattern – –