SHIB/USDT – 30M – BUY

The pair Shiba Inu/Tether (SHIB/USDT) breaks through the descending trendline up.

An ascent up to the next resistance level at 0.000014160 will persist.

Caution: A possible reversal of the trend in the direction of the support line at 0.000012750 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 1.385826E-5 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.000014160 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.000014160 – 0.000013500 – 0.000013540 – 0.000012750 – 0.000013080 – 0.000013090

Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Triple bottom chart pattern