SHIB might is in the bul at the moment and might be at the long run. as there are lot of Buy side liquidity however there is only 1 Sell Side Liquidity to be taken then we shoot up.
Expecting a sharp run of liquidity down then we move to the the Buy side liquidity.
Time will tell.
DYOR pls
The SHIB price has been trading in an ascending manner for a while, as the lower trend line has been acting as a strong support. The recent volatility that kicked into the space, caused the price to print consecutive bullish candles that lifted the levels within the resistance of an ascending triangle. Although a breakout attempt has occurred at the moment a bullish close above the zone may validate the upswing.
Moreover, the price has reached the upper range of the Gaussian Channel and a close above these levels may trigger a fresh bullish case. On the other hand, the RSI is ascending, suggesting the price may remain elevated and reach the upper resistance zone between $0.00003 and $0.000032. To do so, the buying pressure is required to increase with a rise in the trader’s activity, which could attract more liquidity.
Therefore, it is very crucial to monitor the Shiba Inu (SHIB) price action until the day’s close, as a small mistake may cause a breakdown. A daily close within or below the resistance zone can validate a bearish momentum, which may potentially lead to further downward movement.
SHIBUSDT
#SHIBUSDT (Update)
Hey dear traders. Hope you are enjoying analysis with our team. we are here to analyze SHIBUSDT today.
Running in 23% profit✅
Expecting more in coming days🚀
Shiba has finally broken the major downward trend, showing strong bullish momentum according to the analysis.
