SHIB/USDT – 30M – BUY

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

The bullish trend up to the next resistance level at 0.000012650 is expected.

Caution: A possible counter-trend in the direction of support at 0.000012420 should be noted.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The pair is likely to go up.

And also a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 1.285966E-5 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of resistance at 0.000012650 should be noted.
Consider stop-loss settings accordingly.

And also a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.000012650 – 0.000012620 – 0.000012420 – 0.000012420 – 0.000012100 – 0.000012070 — 51.506710733928 – 51.506710733928

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