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Tuesday, October 8, 2024

October 08, 2024 at 12:56AM Lingrid | SHIBUSDT accumulation for BULLISH times Ahead

Lingrid | SHIBUSDT accumulation for BULLISH times Ahead

SHIB / TetherUS BINANCE:SHIBUSDT

SHIBUSDT is currently in an accumulation phase, with the price oscillating around the 0.000015 level. The market has bounced off this support level twice before making an upward impulse move. The most recent swing upward was stronger than the previous one, indicating that the price may be gaining bullish momentum. Additionally, there is a growing expectation of a potential bull run, which could serve as a trigger for further upward movement. The market continues to bounce off the upward trendline, suggesting that price action is forming higher lows, a sign of buying pressure. Based on this analysis, I expect the price to test the channel border again, potentially leading to further bullish momentum. My targe is resistance zone at 0.00002


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻


Monday, October 7, 2024

October 07, 2024 at 11:52AM SHIBUSDT

SHIBUSDT

SHIB / TetherUS BINANCE:SHIBUSDT

We can attempt to short SHIBUSDT from specified level if it break HL , also bearish divergence occur indicate that it moves downward.
SL , TP mention in chart.


DXY: Continues to rebound – OCBC - FXStreet

October 07, 2024 at 02:32AM Shiba Inu (SHIB) 400% bull flag

Shiba Inu (SHIB) 400% bull flag

SHIB / TetherUS BINANCE:SHIBUSDT

On the above 5 day chart price action has corrected 75% since March. A number of reasons now exist to be long, they include:

1) Price action and RSI resistance breakouts.

2) Trend reversal, a higher higher prints with the flag breakout.

3) The Bull flag confirmation. A 2nd impulsive move print takes price action to 0.000074 area or 400%

Is it possible price action corrects further? Sure.
Is it probable? No

Ww