SHIB/USDT – 30M – BUY

The currency pair Shiba Inu/Tether (SHIB/USDT) breaks through the bearish trendline upwards

The bullish trend up to the next resistance level at 0.000015370 is certain.

Caution: A possible change in the direction of the support level at 0.000014730 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The pair is likely to go up.

Next a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 1.561836E-5 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 0.000015370 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ chart pattern is found. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. 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).

0.000015370 – 0.000015670 – 0.000015970 – 0.000014730 – 0.000015170 – 0.000015090

Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Double bottom retreat down