• December 19, 2024, 11:28 am
• December 19, 2024, 9:28 am
Thursday, December 19, 2024
December 19, 2024 at 03:52AM SHIBA TARGETS!
SHIBA TARGETS!
SHIBA INU / TETHER COINEX:SHIBUSDT
The support level of 0.000022 could be the best time to buy Shiba.
The recent correction of Bitcoin could be a good entry opportunity for the remaining altcoins.
SHIBUSDT Shiba is one of these coins with very high targets.
The main growth of Shiba will start with the break of 0.00004.
Don’t forget to follow and boost
December 18, 2024 at 11:33PM #SHIBUSDT (support band )
#SHIBUSDT (support band )
SHIB / TetherUS BINANCE:SHIBUSDT
a strong supportzone are seen.
If a time reaches this range, we will closely monitor its movements.
Wednesday, December 18, 2024
December 18, 2024 at 06:38PM SHIBUSDT.1D
SHIBUSDT.1D
SHIB / TetherUS BINANCE:SHIBUSDT
The daily chart of SHIB/USDT highlights an ongoing consolidation with recent upward momentum, as the market responds to key resistance and support levels. This analysis will delve into the current market structure, key levels to watch, and insights from the technical indicators.
Price Action and Structure:
SHIB/USDT has shown a considerable rebound from lower levels, currently trading around $0.00002317. The chart displays a clear resistance and support framework that influences the current market dynamics.
Resistance and Support Levels:
Resistance Levels: The immediate resistance is observed at $0.00003364 (R1), which has recently been tested. A breakthrough this level may lead to testing the next significant resistance at $0.00004563 (R2), indicating a strong bullish momentum if achieved.
Support Levels: The primary support level is at $0.00001963 (S1). This level is crucial for maintaining the current bullish sentiment. A drop below this point could see the price heading towards $0.00001035 (S2), which would represent a more significant bearish shift.
Moving Averages:
While specific moving averages aren't visible on the chart, their general position relative to the price can provide insights into the trend. Typically, prices above key moving averages suggest bullish conditions, while below can indicate bearish scenarios.
Technical Indicators:
MACD: The Moving Average Convergence Divergence (MACD) indicator is close to the baseline with a minimal histogram, suggesting a lack of strong momentum in either direction. This could indicate a consolidation phase or the market awaiting further cues.
RSI: The Relative Strength Index (RSI) at 52.36 is near the neutral zone, which neither confirms overbought nor oversold conditions, supporting the notion of consolidation within the market.
Conclusion:
SHIB/USDT shows potential for further upward movement if it successfully breaches the resistance at $0.00003364. However, the current indicators suggest a cautious approach as the market is not showing strong directional momentum. Traders should keep an eye on the R1 and S1 levels as breakouts or breakdowns from these levels could determine the next significant move in the market. Risk management and close monitoring of emerging market trends and sentiment are advised given the consolidative nature reflected in the technical indicators.
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