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Thursday, October 19, 2023

October 19, 2023 at 03:50AM SHIB/USD

SHIB/USD

Shiba Inu / Tether USD POLONIEX:SHIBUSDT

SHIB/USD Weekly EWT Ending Diagonal ?
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Wednesday, October 18, 2023

October 18, 2023 at 06:48AM SHIB/USDT

SHIB/USDT

SHIB / TetherUS BINANCE:SHIBUSDT

SHIBA is in the applicable zone to buy and a strong upward movement is expected from it.if the daily candle closes above 0.000007$ tomorrow, this analysis will be confirmed.
STOP: Closing a bearish candle below 0.0000067$ in the daily time frame.


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October 18, 2023 at 04:47AM SHIB: Support Breakout

SHIB: Support Breakout

SHIB / TetherUS BINANCE:SHIBUSDT

Shiba Inu (SHIB) technical analysis:

Trade setup: Following a bullish breakout from Ascending Triangle, price reached $0.0000115, which was target for the breakout. Subsequently, 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 across all time horizons (Short- Medium- and Long-Term).

Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).

Support and Resistance: Nearest Support Zone is $0.0000070, which it broke, then $0.0000055. The nearest Resistance Zone is $0.0000080 (previous support), then $0.0000100, and $0.00001200.


Sunday, October 15, 2023

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October 15, 2023 at 03:17AM SHIB: Support Breakout

SHIB: Support Breakout

SHIB / TetherUS BINANCE:SHIBUSDT

Shiba Inu (SHIB) technical analysis:

Trade setup: Following a bullish breakout from Ascending Triangle, price reached $0.0000115, which was target for the breakout. Subsequently, 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 across all time horizons (Short- Medium- and Long-Term).

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 $0.0000070, which it broke, then $0.0000055. The nearest Resistance Zone is $0.0000080 (previous support), then $0.0000100, and $0.00001200.