Shib Trend Down
Bearish
Strong Resistance at 0,0000124
Shib has tried to test the strong Resistance 3 Times and Failed
Failed Resistance Tests
16.Feb2022
30Oct.2023
07.Feb2023
The Bears and Strong Sellers took Full Control
latestly ON THE 7th Feb.2023
---------------------------------------> See B
If we look on the bigger Picture we discover some more interesting Details
and that the Failed Tests should only be a logical conclision in February
After the big Bullish ralley 2021 tHE BUYERS AND Big Institutions took Big Profits
at 0,0000681 where Aressive Sellers Have been Waiting To attack Shib down
See A1
At 0,0000278 The Sellers Took partial profits
The most Buyers took profits
The retail Traders Stops hit and swam them away out of the market
New Buy orders have been activated , the market found a temporary Support
A2 Now it´s time to accumulate. The sellers pushed more assets and liquidity to defend their positions
The buyers who have been in losing positions took losses, pr partial profits, whatever they started to sell the same way
On May5th 2022 Finallly the market broke down the Bearish Consolidation
and Pushed down the market
Current situation based on the technicals and fundamental datas Sellers are defending much more than ever before The failed Bullish test Area (B) and pushing down ©
The trend is currently bearosh at all TF.
My Strategy is Bearish.
Trend
