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October 11, 2023 at 02:37AM Will Shiba Inu Crash This Season?
Will Shiba Inu Crash This Season?
SHIB / TetherUS BINANCE:SHIBUSDT
Falling Wedge: SHIB forms a falling wedge pattern in the daily chart.
Negative Cycle: Ongoing downtrend teases continuation under $0.00000651.
Current Price: SHIB is trading at $0.00000683.
Psychological Mark: Took a bearish reversal from $0.00001068.
RSI Indicator: RSI enters a negative trend, testing the oversold boundary.
EMA Resistance: The 50-day EMA acts as a dynamic resistance.
Lower Highs: SHIB continues a trend of lower high formations.
Crucial Support: Next crucial support level is at $0.00000651.
Bullish Bounceback: Possibility of a bullish revival due to upcoming support levels.
Market Conditions: Volatile conditions with Bitcoin ETF decision pending.
Resistance Trendline: Overhead resistance close to $0.00000715.
Deep Correction: A slide below support could lead to $0.0000060.
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