SHIB/USDT – 30M – BUY

The pair Shiba Inu/Tether (SHIB/USDT) jumps from the bullish trendline upwards

A continuation of the bullish trend up to the next resistance line at 0.000015510 is likely expected.

Caution: A possible trend reversal in the direction of the support level at could happen.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. 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 likely expected. Target of the current trend is 1.506492E-5 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.000015510 could happen.
Consider stop-loss settings accordingly.

Next a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. 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).

0.000015510 – 0.000015780 – 0.000014850 – 0.000013870 – 0.000014160 – 0.000013450

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