SHIB/USDT – 4H – BUY

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

An ascent up to the next resistance level at 0.000014060 is likely expected.

Caution: A possible change in the direction of the support level at 0.000011850 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 1.484664E-5 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 0.000014060 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency 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).

0.000014060 – 0.000014380 – 0.000015970 – 0.000011850 – 0.000012970 – 0.000012750 — 59.988682294119 – 62.778712239649

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Northern Doji – Triple bottom chart pattern – –