SHIB/USDT – 1H – BUY

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

A continuation of the upward movement up to the next resistance line at 0.000013510 is likely expected.

Caution: A possible reversal of the trend in the direction of the support zone at 0.000012890 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.32E-5 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000013510 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. this is a bullish chart scenario. 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’ going up is 52% (Bull Market) & 51% (Bear Market).

0.000013200 – 0.000013170 – 0.000013200 – 0.000012890 – 0.000012680 – 0.000012660 — 72.153692223367 – 74.459485140582

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