Shiba Inu (SHIBUSDT) Showing Early Reversal Signals
This is what we have for Shiba Inu (SHIBUSDT).
20-Dec. we have a Doji after a strong correction.
A Doji candlestick can signal indecision or a change of course when it shows up at the bottom of a trend.
2 Additional green candles after the Doji favors the bulls while prices move above EMA10 and challenge EMA100.
We have the RSI starting to curve up and the MACD bullish cross:
There is one resistance level left and that is 0.618 Fib. retracement (0.00003696)/EMA50 (0.00003781).
If SHIBUSDT can manage to conquer this resistance level, between 0.00003600 to 0.00003800, we can expect to see higher prices.
Failing to move above it within this week can lead to a test of lower support (light blue) before the next jump.
The low is likely in, be on the lookout... Shiba Inu can easily resume its growth.
Patience is needed.
Also a trading plan.
This is not financial advice.
Thanks for your support.
Namaste.
20-Dec. we have a Doji after a strong correction.
A Doji candlestick can signal indecision or a change of course when it shows up at the bottom of a trend.
2 Additional green candles after the Doji favors the bulls while prices move above EMA10 and challenge EMA100.
We have the RSI starting to curve up and the MACD bullish cross:
There is one resistance level left and that is 0.618 Fib. retracement (0.00003696)/EMA50 (0.00003781).
If SHIBUSDT can manage to conquer this resistance level, between 0.00003600 to 0.00003800, we can expect to see higher prices.
Failing to move above it within this week can lead to a test of lower support (light blue) before the next jump.
The low is likely in, be on the lookout... Shiba Inu can easily resume its growth.
Patience is needed.
Also a trading plan.
This is not financial advice.
Thanks for your support.
Namaste.
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