SHIB/USDT – 1H – BUY

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

A bullish trend 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 happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘RSI fall below 70’ indicator layout is found. The indicator is ‘RSI fall below 70’. which could be a negative chart signal. The currency pair could go down.

Moreover a ‘StochRSI fall below 80’ indicator layout is found. The indicator is ‘StochRSI fall below 80’. which could be a negative chart signal. The currency pair could go down.

Moreover a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a positive chart scenario. 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. Target of the current trend 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 happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. this 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 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 – Symmetrical Triangle Chart Pattern – –