SHIB/USDT – 1H – BUY

The combination Shiba Inu/Tether (SHIB/USDT) moves from the bearish trendline up.

A bullish ascent up to the next resistance line at 0.000014160 is expected.

Caution: A possible trend reversal in the direction of the support zone at 0.000012750 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair could go up.

Then a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 1.3455E-5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.000014160 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. which is a bullish 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.000014160 – 0.000013540 – 0.000013870 – 0.000012750 – 0.000013080 – 0.000013090

Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji –