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Wednesday, September 18, 2024
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DreadKongDotCom DMZ Game Playthrough 389
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Monday, September 16, 2024
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Sunday, September 15, 2024
September 15, 2024 at 10:36AM SHIB: Struggling to Break Key Resistance
SHIB: Struggling to Break Key Resistance
SHIB / TetherUS BINANCE:SHIBUSDT
SHIB has shown a consolidation pattern in the last several hours, trading at $0.00001365, with both the 1H and 4H data indicating weak momentum and slight bearish tendencies. Recent whale activity and general meme-coin market interest have supported SHIB’s price, but technicals show a need for stronger momentum to push the price higher.
1H Chart Breakdown: Weak Momentum and Consolidation
On the 1-hour chart, SHIB has been hovering near its Bollinger Band Basis of $0.00001376, unable to gain significant bullish momentum. The RSI at 38.52 signals a slightly oversold condition, while the Stochastic Oscillator (%K at 3.85) is deep in oversold territory, hinting at a potential short-term bounce. However, the MACD is flat, and the ADX at 11.46 indicates a weak trend, suggesting the price might remain in a tight range unless there’s a volume spike.
Resistance: $0.00001387 (Upper BB)
Support: $0.00001365 (Lower BB)
4H Chart Breakdown: Bearish Momentum Building
The 4-hour chart is showing more caution, with SHIB sitting slightly below the Bollinger Band Basis ($0.00001369). The RSI at 49.70 is neutral but points toward a weakening bullish trend, while the Stochastic Oscillator (%K at 25.76) is still in oversold territory, suggesting potential for a brief upward correction. However, the MACD histogram is negative, indicating growing bearish momentum, while the ADX at 12.22 suggests the trend is still relatively weak.
Resistance: $0.00001411 (Upper BB, Parabolic SAR)
Support: $0.00001327 (Lower BB)
Support and Resistance Levels (Across Timeframes):
Immediate Resistance (1H & 4H): $0.00001387 - $0.00001411 (Upper BB, SAR level)
Immediate Support: $0.00001327 - $0.00001365 (Lower BB)
Actionable Strategy: Range-Bound Trading with Weak Momentum
Bullish Scenario:
If SHIB breaks above $0.00001387 (1H Upper BB), it could attempt a push toward $0.00001411 (4H resistance and SAR level). For traders seeking quick entries, look for a bounce confirmation with rising volume.
Bearish Scenario:
A failure to hold support at $0.00001365 could see SHIB testing the $0.00001327 level (Lower BB on 4H), and a break below this could open doors to more significant downside toward $0.00001280.
Action Point: Given the weak ADX and neutral momentum, consider range-bound trading strategies, setting tight stop-losses around $0.00001327 and aiming for modest profit-taking near $0.00001387.
US Dollar forecast: Forex Friday – September 13, 2024 - FOREX.com
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Saturday, September 14, 2024
September 14, 2024 at 04:53AM SHIBUSD View!!
SHIBUSD View!!
SHIBUSDT Perpetual Swap Contract OKX:SHIBUSDT.P
The Shiba Inu
SHIBUSD
community has just received an important notice. As the dog-themed cryptocurrency expands, ShibArmy Scam Alerts has issued a wake-up call for Shiba Inu and the broader crypto community.
In a tweet that ShibArmy Scam Alerts captioned "Protecting Communities from Scams, FUD, and Deception," the Shiba Inu-focused X account urges crypto holders to stay vigilant in the fast-paced world of cryptocurrencies.
Protecting Communities from Scams, FUD, and Deception
In the fast-paced world of crypto, moderators on platforms like Telegram or Discord play a crucial role in keeping the community safe. Their strict approach to rules might seem intense, but it’s essential for protecting… pic.twitter.com/8zoThh9w9X— Shibarmy Scam Alerts (@susbarium) September 14, 2024
Friday, September 13, 2024
DXY to stay soft into FOMC – DBS - FXStreet
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