SHIB is looking to break from resistance so trade on breakout with volume. The Fib on SHIB is set so TP's are marked on the chart in green in the side bar. Support is at trendline-bottom. Let's ask for a good return on initial when doubled and let it run. All the best
Fibonacci Retracement Levels:
The chart displays key Fibonacci retracement levels, such as 0.236, 0.382, 0.618, and 0.786.
The current price is at 0.00003195, very close to the 0.786 Fibonacci level (around 0.00003190). This level often acts as a significant support or resistance point.
Marked Zones:
Horizontal support and resistance levels are highlighted on the chart:
0.00003272 appears to be a resistance level.
0.00003086 is marked as a potential support level.
The price seems to be consolidating near these zones.
Potential Bearish and Bullish Scenarios:
The price has tested the same resistance level twice, suggesting a double top formation, which could indicate a potential reversal.
If the resistance is not broken, the price might retrace further to lower Fibonacci levels (e.g., 0.00003086 or lower).
If the resistance is broken, the price could head toward the next target at 0.00003303.
Indicators and Performance:
On the bottom-right corner, the trading volume (14.7T) and daily price change (-0.06%) for SHIB/USDT are shown.
The performance chart highlights percentage changes for different timeframes (e.g., +66.60% for the past week, while the daily performance is flat at -0.06%).
keep eye on this ,it will easily pump 16-17% after breakout
