Stronger Drop Incoming for Shiba InuThe 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 close above EMA21 (0.00004501), the bearish bias is invalidated.
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Cryptocurren
Do Yourself a Favor & Look at This Chart!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 the chart.
No Guessing!
Always wait for the market to make the first move unless your the market maker : )
Like and share if you find value.
ZRX/BTC found support on the weeklyZRX (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) < always plan you're profit and profit target.
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