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November 03, 2023 at 04:51AM SasanSeifi 💁♂ SHIB / USDT DAILY
SasanSeifi 💁♂ SHIB / USDT DAILY
SHIB / TetherUS BINANCE:SHIBUSDT
Hey there! In the daily timeframe, as you can see, the price has been accompanied by buying demand from the 0.00000670 range. With the break of the 0.00000733 resistance, it managed to move into the supply zone. Currently, after the growth from the supply zone, it has encountered negative reactions and is trading in the price range of 0.00000770, indicating a range-bound movement.
A potential scenario to consider in the daily timeframe is as follows: If, after the consolidation, the price can break above the significant resistance range of 0.00000800 and consolidate, there's a possibility of further growth towards the specified targets, as shown in the image. The important support ranges are at 0.00000740.
Alternatively, if the price falls below the support range and consolidates, there's a possibility of a price correction to the support zone at 0.00000670. The potential trend is also depicted in the image above.
As always, it's essential to conduct your analysis and consider additional factors before making any trading decisions. Good luck! If you found this analysis helpful, please show your support by liking and commenting. Thank you! 🚀😊
❌ (DYOR)
⭕Of course, if you have any more inquiries or require further clarification, don't hesitate to reach out. I'm here to assist you!✌
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