For a bullish bias to remain intact, SHIB/USD should stay above the ascending trendline, ideally with support from the 50-day SMA and increasing Stochastic RSI.
For breakout confirmation, look for a close above the 200-day SMA, a breach of recent swing highs, and strong trading volume, all of which would reinforce the probability of an extended upward move.
For breakout confirmation, look for a close above the 200-day SMA, a breach of recent swing highs, and strong trading volume, all of which would reinforce the probability of an extended upward move.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.