SHIB/USDT – 1H – BUY

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

The bullish trend upwards to the next resistance line at 0.000012480 is likely expected.

Caution: A possible change in the direction of support at 0.000011810 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The pair is likely to go up.

In addition a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.261E-5 at the Fibonacci level 1-Level. Caution: A possible change in the direction of resistance at 0.000012480 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. which is a positive pattern signal. The 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).

0.000012480 – 0.000012610 – 0.000012510 – 0.000011810 – 0.000011920 – 0.000011980 — 58.022656481258 – 60.390485712938

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Northern Doji – Double bottom chart pattern – –