SHIB/USDT – 1H – BUY

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

A continuation of the bullish trend up to the next resistance level at 0.000011630 is expected.

Caution: A possible counter-trend in the direction of the support level at 0.000011050 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.18E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 0.000011630 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.000011630 – 0.000011800 – 0.000011780 – 0.000011050 – 0.000011070 – 0.000011480

Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Double top retreat up