Shiba
SHIB/USD - Under resistance, can it break out? 🤔SHIB is under the $0.000012 resistance and price appears keen to break above it, but so far it was rejected by bears.
With another push it could succeed, but for that the whole market, including BTC needs to break higher.
Hard to say where the market will go next, but SHIB remains somewhat bullish based on this price action.
The biggest concern is the lack of volume, that does not seem too good in my book and is a bearish indicator.
Patience for now. Bias remains somewhat bullish. I'd turn bearish if support is lost.
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Shiba Inu Goes Bullish To 88.8% Short-Term (Up To 290% Mid-Term)We are seeing the Shiba Inu altcoin trading pair going bullish...
We are looking at SHIBUSDT.
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We have the bottom pattern forming on this chart as well.
We can see SHIBUSDT moving above EMA10 and EMA21.
We have a very strong RSI and multiple green candle in the last few days.
We can see Shiba Inu growing 88.8%+ in the coming days...
Over 290% mid-term.
Here is the chart:
This is not financial advice.
Namaste.
Shib 1D Where it's safe to buy and where to sellToday we have a SHIBUSDT price forecast since it was voted for in our recent BTCUSDT idea
And also because the SHIBUSD price has reached the liquid zone of $0.00002, which was written about in our previous idea
Today's analysis will be of two possible price movement predictions. For someone, they will be positive, for someone they will be negative, but we just write what we see:
1) More or less safe level to buy long is $0.000025 . Or from $0.00003, but after a consolidation above the trend line. In general, this is the white route.
But roughly speaking, anything above $0.00002 will be in a growth trend, which is trying to form.
2) If the price will consolidate lower than $0.00002 , we can fear with full seriousness another fall of Shibainu token price by -50%. After all, somewhere around $0.00001 is the top of a large liquid zone where SHIB bought last year before the growth.
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SHIBUSDT Falling Wedge forming a Bottom*** ***
For this particular analysis on SHIBA we are using the SHIBUSDT symbol on the Phemex exchange.
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The idea is on the 1D time-frame where Shiba has been trading within a Falling Wedge pattern since the December 24 2021 High. The price has been trading near the pattern's Lower Lows trend-line since the May 12 Lower Low, being unable to stage a sustainable rebound. The longer it trades near that level, the more likely it is to attract buyers and form a bottom.
The immediate target is always the 1D MA50 (blue trend-line) and a closing above it takes us to the medium-term 1D MA100 (green trend-line). Only a break above the 1D MA200 (orange trend-line) can justify further buying, in which case we'll have a long-term bullish reversal into a new Bull Cycle.
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