#SHIB/USDT rejecting from the Diagonal Trendline in 1-Hour TF!
SHIB needs to clear the Trendline to turn bullish. Wait for BO/retest to long it. The local resistance level is PDH $0.0000138.
Many altcoins are currently in Accumulation Phase and/or approaching great buy zones. This is the part of the cycle where there seems to be very little action, and the price moves in a range and sideways.
It's safe to say that we can expect sideways/range trading until BTC moves the market. In a previous update, I mentioned how it is crucial to watch not only BTC, but BTC.D and the TOTAL3 market for the next move:
SHIBUSDT
When the SHIBUSDT 4-hour chart is examined; It is observed that the price movements continue in a downward trend. As long as the crypto's 0.00001466 level cannot be passed upwards, it is evaluated that in price movements below the 0.00001254 level, it can break down the 0.00001081 level and retreat to the 0.00000906 level.
