SHIB/USDT – 1H – BUY

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

A bullish ascent up to the next resistance line at 0.000014230 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.000013200 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.

Furthermore a ‘RSI cross above 70’ indicator layout is found. The indicator is ‘RSI cross above 70’. which could be a positive chart scenario. The currency pair is likely to rise.

Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.

Furthermore a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish 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).

0.000014230 – 0.000014020 – 0.000015520 – 0.000013200 – 0.000012970 – 0.000014730 — 58.292672141113 – 60.940313749466

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