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September 05, 2023 at 10:47AM SHIB/USDT planning bullish ride? 👀 🚀 Shiba Inu Today Analysis

SHIB/USDT planning bullish ride? 👀 🚀 Shiba Inu Today Analysis

SHIB / TetherUS BINANCE:SHIBUSDT

MyCryptoParadise_Simon

Paradisers, pay attention! Let's delve into the enigmatic rise of SHIBUSDT, currently situated in a demand zone and primed for a potential bullish surge👀

💎 We've recently noticed that it hit a specific resistance level at 0.00000856 and faced rejection from an overhead supply area. Interestingly, it's once again approaching this same resistance level.

💎 Given the presence of an unaddressed supply zone, it's highly likely that the price will break through this resistance and reach higher OB levels soon.

💎 However, keep an eye on the invalidation zone; if the price dips below 0.00000635, consider a short entry to capitalize on the downward movement.

Keep your charts updated and Stay one step ahead of the market 🌟 🌴

September 05, 2023 at 08:46AM SHIB: Support Breakout

SHIB: Support Breakout

SHIB / TetherUS BINANCE:SHIBUSDT

altFINS

Shiba Inu (SHIB) technical analysis:

Trade setup: Following a bullish breakout from Ascending Triangle, price reached $0.0000115 and looked like it entered a new Uptrend. However, price pulled back and broke below $0.000008 support, which is where the prior bullish breakout occurred. This opens up downside risk back to $0.0000055.

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

Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).

Support and Resistance: Nearest Support Zone is $0.0000080, which it broke, then $0.0000055. The nearest Resistance Zone is $0.0000100, then $0.00001200.