SHIB/USDT – 30M – BUY

The currency pair Shiba Inu/Tether (SHIB/USDT) breaks through the ascending trendline upwards

A continuation of the uptrend upwards to the next resistance at 0.000013620 is considered certain.

Caution: A possible change in the direction of the support level at 0.000012090 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The pair is likely to go up.

Next a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.225E-5 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 0.000013620 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish pattern signal. 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).

0.000012250 – 0.000012120 – 0.000012150 – 0.000012090 – 0.000011800 – 0.000011880

Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji