The 30-Nov. candle can be considered a failed breakout attempt.
When prices fail to move up, a retrace is necessary for the bulls to rebuy and reload.
After support is tested again, another challenge of resistance can happen.
Prices are now moving below EMA10/21/50.
Shiba Inu (SHIBUSDT) is now aiming lower.
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Conditions for change
If prices move and...
Hello Traders,
Please try not to get caught up in the noise.
Look at the daily and weekly chart as well if you wanna last long in this business.
It cannot get any simpler than this chart.
Don't buy all that speculations that says Ok next target is 10k - 12k tomorrow, No! We don't speculate, wait for the market to show it's hands.
I explained the scenarios on...
ZRX (0x) found some support on the purple weekly line, it looks like it is done accumulating and ready for a small uptrend to the monthly white support for distribution.
I made an small entry on the purple support (weekly) in the green box, trying to trigger my selltarget at the red box (monthly support).
Stoploss right under the purple line (weekly support) <...
+Master RSI
+Daily
We're about to cross the threshold for triggering the same bounce that we've had each time at these levels. The bounce "is" the next wave.
Watch close.
Not advice, just connecting dots.
