SHIB/USDT – 1H – BUY

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

The bullish trend upwards to the next resistance at 0.000013180 is expected.

Caution: A possible reversal of the trend in the direction of support at 0.000012240 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bullish 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 expected. Current target is 1.274504E-5 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.000013180 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. which 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 chance of ‘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 –