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Thursday, October 19, 2023

October 19, 2023 at 11:23AM Shiba Inu to see a 3.5% bounce, here's why

Shiba Inu to see a 3.5% bounce, here's why

SHIB / TetherUS BINANCE:SHIBUSDT

Shiba Inu sank to the low at $0.00000673 on Thursday but has seen a small positive reaction. Data from Hyblock showed Liq CVD was massively bearish, meaning a move upward to liquidate bears would cause a lot of pain and allow a lot of liquidity to be captured before the next true move downward. This bounce is what traders can look to an intraday trade on.

Entry: $0.00000676


Take-Profit: $0.00000703 (target set on Hyblock liq levels as well as the short-term range that SHIB could have formed)


Stop-loss: $0.00000666 (or tighter)


R:R- 2.5



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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.