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SHIB / TetherUS

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SHIBUSDT trade ideas

Support Holds Amidst Static ResistanceSHIB has maintained its support level and made progress towards higher resistance, specifically in the range of $0.00000870-$0.00000850. However, within this range, the price encountered resistance and paused its upward movement. Despite this, the previously identified support level for Shiba remains intact. The reason for the current sideways movement in the Shiba trend for the past five days is due to the presence of static resistance and the breaking of the descending channel's ceiling support. It's worth noting that the break of the channel's ceiling support is yet to be confirmed, leaving a possibility for the price to return to the support level around $0.00000750. If the dynamic support is breached, it could potentially lead to a further decline in the Shiba price, possibly towards the midline range of the descending channel. Regarding the RSI level being at 57, an RSI (Relative Strength Index) value of 57 indicates that the asset's price is neither overbought nor oversold.
by MonoCoinSignal
3
Will This Trendline Breakout Boost SHIB To $0.000011?With a 4.23% gain, SHIB Prices sustain above the $0.0000080 breakout. Making a bullish engulfing candle and breaking reclaiming the 100-day EMA, SHIB prices continue to head to the 200-day EMA. Moreover, the recent recovery breaks the long-coming resistance trendline reflecting a breakout-fueled rally. Considering the breakout rally breaks above the 200-day EMA, the prices can reach the $0.00001160 mark. On the opposite end, a reversal from 200-day EMA can delay the utprend and drive SHIB prices back to $0.0000080.
Long
by Coinpedia-Market-Insight
SHIB/USDT Technical Analysis ( 10x Potential or Not ?SHIB/USDT Technical Analysis CRYPTOCAP:SHIB Chart Analysis: SHIB is attempting to break the resistance line, but the breakout has not been confirmed yet. 50 EMA has experienced a breakout, but it is still trying to close above the 50 EMA. Key Levels: Strong Support: $0.00000770 Resistance: $0.00000900 Potential Upside: If breaks the $0.00000900 resistance level, we may witness an upward rally. However, a retracement of 20-40% could be expected before the potential rally. 10x Potential in Next Bull Run: While SHIB may offer significant gains, it's crucial to exercise caution. Meme coins like SHIB are known for their speculative nature and high volatility. Never go all-in on such coins, especially for long-term holdings. Risk Warning: Meme coins are considered "Zero to Hero" coins, characterized by extreme price swings. Always do your own research and diversify your investment portfolio to mitigate risks.
Long
by CryptoPatel
2
shib long ideahello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below. Coin: SHIB-Buy/Long💚⬆️ Order-type: Limit Entry: 0.00000789 Profit: 0.00001144 (44.99%) Stop: 0.00000695 (11.91%)
Long
by bullstraders7