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Saturday, September 2, 2023

September 02, 2023 at 07:38AM SHIB: Approaching Support

SHIB: Approaching Support

SHIB / TetherUS BINANCE:SHIBUSDT

Shiba Inu (SHIB) technical analysis:

Trade setup: Bullish breakout from Ascending Triangle was followed by a break above $0.000010 resistance and 200-day Moving Average, which confirmed a bullish trend reversal to Uptrend. Now, price is retesting that breakout level. Pullback to $0.000008 could be an attractive swing entry, with upside potential back to $0.000010.

Trend: Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis.

Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.

Support and Resistance: Nearest Support Zone is $0.0000080 (previous resistance), then $0.0000055. The nearest Resistance Zone is $0.0000100, then $0.00001200.


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Friday, September 1, 2023

MONTH: September 2023. GasLeeSun.com Presents: Monthly Chart Analysis About U.S. Dollar Currency Index πŸ’° [DXY] #Dollar #DXY #USD #Index #Month #Chart #Analysis #Fiat


Currently in the Month chart; the US dollar has broke to the upside of pink triangle & looks like it's going touch somewhere around 108.50 price area very soon, plus price action is still above pink highlighted uptrend line started back April 2011.

OCTOBER candle needs to start above 105.80 price area, In order to continue thick blue uptrend line bullishness πŸ“ˆ

The highest retest touch point the DXY can go this month is around 113.50 and that's if it wants to get back above left Thick black uptrend line, making it Super bullishπŸ“ˆ

The lowest the US dollar can drop this month is around $95.50... πŸ“‰

Since the US Dollar September candle couldn't start above both thick yellow and orange downtrend lines, I feel the DXY could produce a fake out to the downside the End of this month... 
BE CAREFUL CRYPTO HODLERS πŸ˜‰ 

πŸ“… DXY 2023 YEARLY CHART ANALYSIS: