Will SHIB break out of the downtrend?
Hi
Let's look at the situation on SHIB to BTC.
As you can see the latest flag formation and retest ended with an increase in price and we are currently struggling with resistance at 0.00002324USDT. When we manage to break it, the next stop should be at the price of 0.00002498USDT. On the other hand, the support moved to the area of 0.00002718USDT and 0.00002268USDT. We can also observe the point of touching the downtrend line, breaking it can give potential further increases.
Let's look at the situation on SHIB to BTC.
As you can see the latest flag formation and retest ended with an increase in price and we are currently struggling with resistance at 0.00002324USDT. When we manage to break it, the next stop should be at the price of 0.00002498USDT. On the other hand, the support moved to the area of 0.00002718USDT and 0.00002268USDT. We can also observe the point of touching the downtrend line, breaking it can give potential further increases.
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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.
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.