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Wednesday, November 20, 2024

November 19, 2024 at 11:57PM Lingrid | SHIBUSDT sideways TREND before Take-Off

Lingrid | SHIBUSDT sideways TREND before Take-Off

SHIB / TetherUS BINANCE:SHIBUSDT

The price perfectly fulfilled my last idea. It reached the target zone. SHIBUSDT made a surge following the breakout from the consolidation zone, reaching the resistance area at 0.00003 before pulling back. The price is currently moving sideways, forming a range as it approaches the upward trendline. This narrowing price action may lead to a breakout and potentially another price surge. I anticipate that the market may dip and possibly go below the previous week's low to take liquidity before making a move higher. My goal is resistance zone around 0.00003

Lingrid | SHIBUSDT possible Upward Surge

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

Tuesday, November 19, 2024

DXY fully retraced 3Q’s decline – DBS - FXStreet

Monday, November 18, 2024

November 18, 2024 at 05:31AM SHIB Price Analysis: Key Levels to Watch Amid Mixed Signals

SHIB Price Analysis: Key Levels to Watch Amid Mixed Signals

SHIB / TetherUS BINANCE:SHIBUSDT

The latest technical analysis for SHIBUSDT reveals a complex market landscape on the 1-hour chart. With key support and resistance levels identified, traders can gain valuable insights into potential opportunities.

Currently, SHIB is navigating a tight range, with resistance at $0.00002507 and $0.00002513, while immediate support is found at $0.00002445 and $0.00002429. A breakout above resistance could ignite bullish momentum, while a drop below support may signal further downside risk.

Technical indicators show a cautious bullish alignment, but the market remains undecided. The MACD indicates fading buying pressure, and the RSI hovers near neutral, suggesting a careful approach is warranted.

For those considering trades, a breakout above $0.00002513 could be a bullish entry point, while a breakdown below $0.00002445 may present shorting opportunities.


DXY: Consolidation on the day – OCBC - FXStreet