SHIB/USDT – 1H – BUY

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

The bullish trend upwards to the next resistance level at 0.000013500 will persist.

Caution: A possible reversal of the trend in the direction of the support level at 0.000013100 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Support Level’ indicator layout is found. The indicator is ‘Support 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 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.35E-5 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000013500 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive 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’ going up is 52% (Bull Market) & 51% (Bear Market).

0.000013320 – 0.000013500 – 0.000012530 – 0.000013100 – 0.000012020 – 0.000012260 — 68.22538342085 – 69.183172797118

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