Tuesday, September 5, 2023

September 05, 2023 at 08:46AM SHIB: Support Breakout

SHIB: Support Breakout

Shiba Inu (SHIB) technical analysis:

Trade setup: Following a bullish breakout from Ascending Triangle, price reached $0.0000115 and looked like it entered a new Uptrend. However, price pulled back and broke below $0.000008 support, which is where the prior bullish breakout occurred. This opens up downside risk back to $0.0000055.

Trend: Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis.

Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).

Support and Resistance: Nearest Support Zone is $0.0000080, which it broke, then $0.0000055. The nearest Resistance Zone is $0.0000100, then $0.00001200.

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September 05, 2023 at 02:08AM Is a 10% Decline to $0.0000065 in the Cards?

Is a 10% Decline to $0.0000065 in the Cards?

SHIB / TetherUS BINANCE:SHIBUSDT

Coinpedia-Market-Insight

SHIB price breaks a pennant pattern and moves away from the 50-day EMA.
Potential downtrend continuation for SHIB, targeting $0.0000065.
Shiba Inu's 2023 performance shows a 7.64% YTD drop.
SHIB trades at a massive 91.65% discount from its all-time high of $0.00008854.
The 50 and 200-day EMA indicate a bearish trend for SHIB.
SHIB broke its triangle pattern last month, leading to a bearish pennant breakdown.
Over the past six days, SHIB has declined by 10%, currently trading at $0.00000752.
Technical indicators, MACD and RSI, suggest increasing bearish momentum.
Key support levels for SHIB are at $0.0000070 and $0.0000065.
If SHIB breaks above the 50-day EMA, it could target $0.0000090 and potentially $0.000010.

Monday, September 4, 2023

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Sunday, September 3, 2023

September 03, 2023 at 06:37AM SHIBusdt

SHIBusdt

1000SHIB / TetherUS PERPETUAL CONTRACT BINANCE:1000SHIBUSDT.P

Kentaruchan

SHIB buy set up...

Disclaimer: The trading signals provided are for informational purposes only and should not be considered as financial advice. Trading in financial markets involves substantial risk and is not suitable for all investors. Past performance is not indicative of future results. The sender of these signals is not responsible for any losses incurred due to trading decisions based on the provided signals. Traders are advised to conduct their own research and seek advice from qualified financial professionals before making any trading decisions.

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Saturday, September 2, 2023

September 02, 2023 at 07:38AM SHIB: Approaching Support

SHIB: Approaching Support

SHIB / TetherUS BINANCE:SHIBUSDT

altFINS

Shiba Inu (SHIB) technical analysis:

Trade setup: Bullish breakout from Ascending Triangle was followed by a break above $0.000010 resistance and 200-day Moving Average, which confirmed a bullish trend reversal to Uptrend. Now, price is retesting that breakout level. Pullback to $0.000008 could be an attractive swing entry, with upside potential back to $0.000010.

Trend: Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis.

Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.

Support and Resistance: Nearest Support Zone is $0.0000080 (previous resistance), then $0.0000055. The nearest Resistance Zone is $0.0000100, then $0.00001200.