• May 28, 2025, 7:28 am
• May 28, 2025, 6:56 am
• May 28, 2025, 6:56 am
• May 27, 2025, 9:49 pm
Shiba caught our attention with recent hovering near the local EMA area, where we have established some sort of supportive area. As we see the strength of this area, we are looking for a proper bounce from here, which then would give us a chance to get 10-20% of movement.
Swallow Academy
5min TF overview
On the hourly chart, SHIB has recently tested the 200 EMA(in orange) unsuccessfully two times. As of this time, it is consolidating under the 200 EMA again. The testing and rejecting of the 200 EMA has seem to form a parallel channel. Failure of the 200 EMA again, can lead to price drop to possibly 0.00001428 or lower. We need a break out from the 200 EMA with Higher Highs and Higher Lows.