SHIB/USDT – 1H – BUY

The pair Shiba Inu/Tether (SHIB/USDT) goes from the descending trendline up.

A bullish movement upwards to the next resistance line at 0.000013180 is likely expected.

Caution: A possible counter-trend in the direction of the support zone at 0.000012240 is also possible.
Consider stop-loss settings accordingly.

Then a ‘StochRSI fall below 80’ indicator signal is discovered. The indicator is ‘StochRSI fall below 80’. this is usually a bearish chart scenario. The currency pair could go down.

Then a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could 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 counter-trend in the direction of the resistance line at 0.000013180 is also possible.
Consider stop-loss settings accordingly.

Then a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. which is a bullish pattern signal. 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 – –