SasanSeifi| Can We Expect a Rebound Above Key Resistance Levels?
Updated
Hey there, ✌ 
SHIBUSDT On the 4-day long-term time frame, after breaking a strong support at the 0.000018 cent level, the price experienced a significant drop, reaching the 0.000010 cent range. Currently, the price is trading in a range around 0.000014 cents, and it’s important to note that it remains below the 200-day Exponential Moving Average (EMA). As long as the price is trading below the 200 EMA and the key supply zone between 0.000016 and 0.000017 cents, the overall outlook stays bearish.
At the moment, the price is moving toward the key supply zone. If the price gets rejected and momentum weakens at this level, and we receive a sell confirmation (SELL) on lower time frames, the likelihood of a downward move toward targets like 0.00000945 cents increases.
On the other hand, if the price manages to break and hold above the key level and the 200 EMA, further price growth towards targets of 0.000020, 0.000023, and 0.000025 cents is possible.
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
SHIBUSDT On the 4-day long-term time frame, after breaking a strong support at the 0.000018 cent level, the price experienced a significant drop, reaching the 0.000010 cent range. Currently, the price is trading in a range around 0.000014 cents, and it’s important to note that it remains below the 200-day Exponential Moving Average (EMA). As long as the price is trading below the 200 EMA and the key supply zone between 0.000016 and 0.000017 cents, the overall outlook stays bearish.At the moment, the price is moving toward the key supply zone. If the price gets rejected and momentum weakens at this level, and we receive a sell confirmation (SELL) on lower time frames, the likelihood of a downward move toward targets like 0.00000945 cents increases.
On the other hand, if the price manages to break and hold above the key level and the 200 EMA, further price growth towards targets of 0.000020, 0.000023, and 0.000025 cents is possible.
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
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UPDATE 41%😍 💥🔼
😎Shiba Inu has experienced significant growth, climbing nearly 41% to the target of $0.000020 after encountering demand at $0.000013 and breaking the supply zone with strong momentum and the 200 EMA. 💰
➡️The bullish momentum remains strong, and we expect further movement toward $0.000023 and $0.000025. Observing the price reaction at these targets will be key to understanding the trend's direction.
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UPDATE 50%🚀
😎Based on previous analyses, the price encountered significant demand around the 0.000013 level. With a strong momentum breakout above the supply zone and surpassing the 200-day moving average, the price reached the target of 0.000020 as predicted in the second scenario, achieving almost a 50% gain. However, if the price fails to sustain above the 0.000020 level, we have observed a price pullback according to the outlined scenario.
As you can see, the price is currently trading around the 0.000018 level. The trend is following the expected scenario, and the previous analysis remains valid. For a better understanding of the potential continuation of this trend, we should observe the price’s reaction to the key levels ahead. Moreover, if the 0.000015 level is broken, there is a higher chance of further correction, with potential declines to the 0.000012, 0.000010, and even 0.000095 cent ranges.
Trade closed: target reached
From an analytical perspective, the previous report is still valid, and the price is currently moving according to the scenario outlined.
Note
✅🔥 105% done
✅🔥The price progressed according to the given scenario, starting from the price range of 0.000014 and entered the growth phase, achieving a 105% increase.
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🌎Website (Persian): FiboTech.Trade
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