SHIBUSDT may pullback to closest 4h support areaPrice may tap this 4h support region in this pullback. But before this pullback, probably price might revisit0.00001544 level. Though current price level 0.00001526 is a good candidate for the next leg down to begin from here.
However during the pullback there is a little chance that it may miss that 4h support by a little 1% mark as there is hourly support there which might provide the bounce to the price a bit early than the marked 4h support region.
A better entry for a better R:R would be to wait patiently for the price to touch 4h support area.
Shiba
📈 Opportunity to Take a Short Trade on Shibusdt 💰🔍 Based on technical analysis, the Shibusdt chart on TradingView presents an opportunity to enter a 📉 short trade at 0.00001550. The target profit (TP) 🎯 is set at 0.00001140 and the stop loss (SL) 🛡️ is placed at 0.00001575. Investors are advised to consider this short trade as a 💡 potential opportunity in the current market conditions. 💹
SHIB: Resistance BreakoutShiba Inu (SHIB) technical analysis:
Trade setup : Following a bullish breakout from Falling Wedge and above 200-day moving average, price also broke above $0.000013 resistance. Trends have reversed. Upside potential to $0.000018 next.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $0.0000100 (previous resistance), then $0.0000080. The nearest Resistance Zone is $0.0000130, which it broke, then $0.0000180.
dxy DXY back inside the range low marked on the chart.
Lets see if it can push back inside the "support" Trendline and trap shorts shorint heavy on the break of the trend line
A big Squeeze is possible here whcih will be bad for Risk on assets and Bitcorn
Lets see..
Shorted MANA, chart linked below,
SHIBUSD Potential for Bullish Continuation | 30th January 2023Looking at the H4 chart, my overall bias for SHIBUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy stop entry at 0.00001295, where the recent high is, we are looking to take profit at 0.00001518, where the previous swing high is. Stop loss will be placed at 0.00001111, where the previous overlap support is.
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