As we can see Price is near daily support of 0.000008$ to 0.000010$ zone and here we can expect a rise.
Targets and resistances are also mentioned on the chart.
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I was able to find a harmonic pattern from the shiba chart ...it seems that one is waiting for the market ..🐕
As we said before 0.000009$ to 0.000010$ is the major support zone now and if this support hold then we can expect a pump here to the targets and resistance zones that are mentioned on the chart with ted rectangles.
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✅SHIB is in a downtrend.
At the same time, the price reached the support level and rebounded sharply.
Correction is possible.✅
🚀BUY scenario: long to 0.00001050.🚀
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✅SHIB moves between levels.
The price has reached resistance again.
I expect another rebound.✅
🚀SELL scenario: short to 0.00001150.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SHIB is currently backtesting the POC of the whole range. this is an S/R level and GP fib Retracement from the last low. i am longing here and DCA to 117. TP is the next resistance
As we said before major support for SHIBUSDT is 0.000010$ and the price now is near the support zone so we can expect a rise and gain here to the target and resistances that are mentioned on the chart.
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SHIBA has been up 14% in the last 24 hours. The price of this currency, which has just exited the descending channel , has returned from the support range of $0.00001020 to $0.00001070 with a not-so-complete pullback due to high buying pressure. The resistance in the range of $0.0000126 to $0.0000130 has been the starting point of a strong upward movement in the past. This area can be associated with a negative reaction. The power of buyers is still high, but as a result, the risk of purchase transactions has increased.
This resistance area has been the range of the trend change in the daily time frame and considering that the previous upward wave of Shiba had the power to break this resistance, this resistance can be broken this time as well. In this case, after a pullback, we will expect Shiba's price to rise to the resistance range of $0.000018.
✅SHIB has grown a lot.
The price has formed several peaks.
Correction is now possible.✅
🚀SELL scenario: short to 0.00001149.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Hello Guys, Today's Analysis is on the SHIBUSDT Symbol in a 1H Time frame, I Hope it Will be Useful for You, Don't Forget to Like, Follow, Comment
