$SHIB - Up or down? Bias leans up.This chart is a tossup for me. However, I lean bullish here.
To me, it looks like CRYPTOCAP:SHIB has 1 more leg higher to go before turning bearish over the short term.
As you can see on the chart, price has held that bullish trend line. RSI is completely bottomed out on lower timeframes which to me indicates a move higher needs to happen before price can fall lower here.
I lean towards a move higher to that $.00001074 area to mark off a high on the short term.
The bearish scenario would be a break of the trendline and then falling to that lower support area. After that region gets tapped, then I think the higher target will play out.
Let's see what happens.
Shibusdlong
SHIB long ideaMust be patient with this. If bitcoin nukes down then im sure this will kick in. Stop back inside this resistance that it broke from. Looking for the retest of the downward resistance and/or the old horizontal price resistance.
Depending on where you take the swing low from, the fib retracement gives so good confluence here also.
SHIB to Turn longFor more expert analysis, don't forget to click the follow button!
Here we have our Crypto SHIB chart.
After a huge rally up we are seeing the first of many larger pullbacks.
Now further off our MA's we are looking to get long as price falls.
Stochastic oscillator is low down and we are moving off further from our MA's.
Targets are defined by directional arrows.
SHIBUSD - bullish continuationHello all,
The past few weeks the price has been consolidating in the falling wedge pattern after breaking out of the triangle pattern. Also it has reached the midterm structural level. Thus there are really good odds for a successful long position. If we calculate the TP proportionally to the previous ATH from the triangle pattern, the price could reach 0.00021.
Disclaimer: Any risk related to trading this cryptocurrency is solely on you. Please, thank thoroughly before making any trading incision.
Shib forms a bullish continuation pattern* After a major bull run Shib forms a Symmetrical triangle pattern respecting the below trendline as support and above trendline as resistance for the price.
* In order to continue the bull rally Shib needs to break the upper trendline and price below the lower trendline is bearish.