SHIB/USDT – 1H – BUY

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

A continuation of the uptrend up to the next resistance level at 0.000013870 is certain.

Caution: A possible change in the direction of the support line at 0.000011450 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 1.387E-5 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 0.000013870 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.000013870 – 0.000011970 – 0.000011590 – 0.000011450 – 0.000011340 – 0.000011210

Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji – Double top chart pattern