SHIB/USDT – 30M – BUY

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

An ascent up to the next resistance at 0.000013540 is expected.

Caution: A possible change in the direction of support at 0.000013050 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The currency pair is likely to rise.

Moreover a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.

Moreover a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. 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).

0.000013540 – 0.000013500 – 0.000013870 – 0.000013050 – 0.000013290 – 0.000013260

Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Double top chart pattern