SHIB/USDT – 1H – BUYThe pair Shiba Inu/Tether (SHIB/USDT) breaks through the bearish trendline up.
An ascent upwards to the next resistance at 0.000012480 is likely expected.
Caution: A possible change in the direction of the support zone at 0.000012150 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Tweezers Bottom’ candlestick pattern is found. The chart shows ‘Tweezers Bottom’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012610 |
| 2nd High | 0.000012570 |
| Next High | 0.000012480 |
| Current Price | 0.000012480 |
| Next Low | 0.000012150 |
| 2nd Low | 0.000012000 |
| 3rd Low | 0.000011810 |
0.000012480 – 0.000012570 – 0.000012480 – 0.000012150 – 0.000012000 – 0.000012290 — 53.904922132024 – 60.986683916986
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Tweezers Bottom – Double bottom chart pattern – –