SHIB/USDT starting bullish
✅ 1. Current Price Zone
Current price: 0.00001390 USDT
Price is near the 0.786 Fibonacci retracement level (0.00001503) – a strong historical support zone.
📉 2. RSI (Relative Strength Index)
RSI (14): 39.18 – slightly oversold but not yet deeply oversold.
RSI is starting to curve upward, suggesting a potential short-term rebound if it crosses above the moving average line (currently at 42.90).
📊 3. MACD (Moving Average Convergence Divergence)
Histogram bars are shrinking, indicating selling momentum is weakening.
The MACD and Signal lines are getting closer to a potential bullish crossover in the coming weeks.
📈 4. Key Fibonacci Retracement Levels (from recent high):
0.5 Fib: 0.00002609 – medium-term resistance.
0.618 Fib: 0.00002153 – common take-profit zone.
0.786 Fib: 0.00001503 – current support level.
🚀 5. Fibonacci Extension Targets (if breakout occurs):
1.272 Extension: 0.00005975
1.618 Extension: 0.00007298
🔄 6. Candle Pattern
The current Heikin Ashi candle is green with a long lower wick, suggesting possible exhaustion of the downtrend and early signs of reversal.
🧭 Summary & Outlook
✅ SHIB is testing a strong support level and showing early signs of a potential bounce.
🔄 No clear breakout yet, but RSI and MACD are starting to shift bullish.
📉 If price breaks below 0.00001503 → next key support could be around 0.00001000.
📈 If support holds → upside targets are 0.00002153 → 0.00002609 in the short term.
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