SHIB/USDT – 1H – BUY

The pair Shiba Inu/Tether (SHIB/USDT) moves from the bearish trendline upwards

A bullish ascent up to the next resistance level at 0.000013180 is likely expected.

Caution: A possible trend reversal in the direction of the support line at 0.000012240 could occur.
Consider stop-loss settings accordingly.

Additionally a ‘RSI cross above 30’ indicator layout is discovered. The indicator shows ‘RSI cross above 30’. this is usually a bullish signal. The currency pair is likely to rise.

Additionally a ‘Support Level’ indicator signal 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 through the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 1.274504E-5 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.000013180 could occur.
Consider stop-loss settings accordingly.

Additionally a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish chart scenario. 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.000013180 – 0.000013680 – 0.000014380 – 0.000012240 – 0.000012890 – 0.000013890 — 45.751800342636 – 46.594207376189

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Northern Doji – Triple top chart pattern –