Cryptocurrecny
Shiba Inu Price Analysis — October 25Over the weekend, SHIB recorded a +50% bounce from the $0.0000278, culminating with a peak at the $0.0000446 high. However, the thirteenth-largest Cryptocurrency suffered an almost immediate plunge into the $0.0000375 - $0.0000325 pivot zone. That said, the supportive factors around this axis helped the meme coin return to the upper-$0.0000400 area early this morning. However, Shiba Inu currently struggles with posting a sustained recovery above the psychological line. With SHIB nearing overbought conditions, I expect a retest of the $0.0000450 area in the coming days, followed by a sustained correction to ease out of overheated conditions.
Meanwhile, our resistance levels are $0.0000400, $0.0000420, and $0.0000450, and our key support levels are $0.0000375, $0.0000350, and $0.0000325.
Total Market Capitalization: $2.60 trillion
Shiba Inu Market Capitalization: $15.4 billion
Shiba Inu Dominance: 0.59%
Market Rank: #13
DOGE is resting for a jump!As you see, a upward W-X-Y pattern is shining!
It's within the wave X and correction portion of the pattern.
So the correction should be completed (maybe up to the Fibonacci ratios) and after that a upward A-B-C pattern (probably) within the wave Y will be started.
So take a break and get ready!
Ripple exploded as expected and still has further to goRipple rallied up and out of contraction as buyers dived into the action. The move up is getting extended which will eventually lead to some profit taking. Risk is below the recent low around 0.27200 as a move to this area will trigger a deeper correction so we would then be happy to be on the sidelines. If the action continues higher from here then happy days and we will ride the wave up.
BTC/USD Still going upIt's seems still moving upward in price though volume is decreasing and it's moving within the potential rising wedge area. or simply just test the resistance and sideways along resistance or fall toward support +-5k.
reason is for personally for me is the Stochastic RSI in the moment is able gain it's momentum in order to push the price higher..
RSI and MACD seems show a possibility to go up again
Ichimoku Cloud seems fine in bullish area so far..
also 50 EMA and also 200 EMA begin to crossover in not so distant future creating golden cross. interesting to see how it's play out.
keep in mind also the BTC/USD short is in lowest point since 2018 and ready in strike at any moment if the btc/usd show weakness.
please let me know what do you think..
peace.