Tuesday, March 18, 2025

The chart you shared is a daily time frame analysis of SHIB/USDT on Binance. Here are some key observations:

1. Price Action:
The price is in a downtrend, forming lower highs and lower lows.
It is moving inside a descending channel, with the price currently near the lower boundary.
There are change of character (ChoCH) and break of structure (BOS) points, indicating possible shifts in trend momentum.
2. Support & Resistance:
There is a strong support level around 0.0000100 USDT, marked as "Strong Low."
The resistance levels are indicated by red zones around 0.0000200 - 0.0000328 USDT, with the highest level being labeled as a "Weak High."
The price is currently reacting to a demand zone near the lower boundary of the descending channel.
3. Moving Averages:
The blue (200 EMA), orange (100 EMA), and red (50 EMA) moving averages are above the current price, acting as resistance.
A potential bullish reversal may occur if the price can break above these EMAs.
4. RSI (Relative Strength Index):
The RSI is near the oversold zone (below 50) but appears to be recovering, indicating possible bullish momentum.
A bullish divergence could be forming.
5. Volume:
Volume spikes indicate potential buying interest at lower levels.
A significant increase in volume would confirm a breakout from the descending channel.
Conclusion & Potential Scenarios:
Bullish Scenario: If SHIB breaks out of the descending channel with high volume, we could see a move towards 0.0000150 USDT, followed by 0.0000200 USDT.
Bearish Scenario: If SHIB fails to hold the support around 0.0000100 USDT, it may drop further to lower levels.
Would you like a more detailed breakdown or potential trade setups? 🚀

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Thursday, March 13, 2025

March 13, 2025 at 06:40AM Good DCA zone buy for SHIB

Good DCA zone buy for SHIB

SHIBA INU / Tether KUCOIN:SHIBUSDT

tmackk7121

I don't care much for SHIB, but can't ignore that if this holds (i.e., 3D closes green, volume stays green and above average), this looks pretty bullish.