SHIB/USDT – 1H – BUY

The pair Shiba Inu/Tether (SHIB/USDT) moves from the bearish trendline up.

A bullish ascent upwards to the next resistance line at 0.000013180 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 0.000012240 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘RSI cross above 70’ indicator signal is discovered. The indicator shows ‘RSI cross above 70’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘StochRSI fall below 80’ indicator signal is discovered. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish 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 considered certain. Current target is 1.274504E-5 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.000013180 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Northern Doji’ candlestick chart pattern is detected. 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 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 – Triple top chart pattern – –