SHIBUSDT 1D

Falling wedge breakout has already done on 1-day chart. #SHIB is trying to breakout the MA100 on daily chart. Targets are the same as before.
Falling wedge breakout has already done on 1-day chart. #SHIB is trying to breakout the MA100 on daily chart. Targets are the same as before.
I know, memecoin. But the chart is the chart, and I had a great trade from the range lows in the 700s up to around 1100 at the range EQ. As I have shared before, price dropped from there and has formed a descending resistance, which is now being tested. My alarm went off, which means it is time to pay attention.
This breakout would look a lot better on convincing volume with more candle spread by the end of the day. If we do get a candle close above descending resistance, the target is once again around 1150 at the EQ. We can discuss higher if we get there.
SHORT #1000SHIBUSDT
1h TF. The instrument has formed a local downtrend with impulsive bearish candlesticks, indicating the predominance of sellers in this case. And the local level of support is confirmed by a lot of touches, indicating the accumulation of unrealized liquidity that participants are striving for.
As an input signal, I expect to see a smooth approach with trading near the level, an increase in activity and volumes before the breakdown.
Currently, It's clear two types of transactions in Shiba:
Scalping vs swing.
First, Not very interesting for scalp traders.
Second, It can be suitable for its holder and even swing trader, If the price breaks 0.236 in Fibonacci and stays above $0.0092.
Otherwise, price reduction to $0.0075 is possible.
""of course, In case of support, there is a high probability of price increase from this point""