SHIB/USDT – 1H – BUY

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

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

Caution: A possible trend reversal in the direction of the support level at 0.000012240 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘StochRSI fall below 80’ indicator layout is found. The indicator shows ‘StochRSI fall below 80’. which is often a bearish chart signal. The pair is likely to go down.

There is also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair could go up.

Correction of the major bearish trend broke 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 level at 0.000013180 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘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 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 – –