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Shibusdtanalysis

Shiba - Bullish setup -$ SHIBUSD ✅Hello Traders, BINANCE:SHIBUSDT after a long period of consolidation and accumulation is showing bullish signals. At the moment we have the yellow trend line acting like resistance with high chances to be broken targeting 0.000015-0.0000155 price levels. We need a daily break of this resistance to have a breakout signal. The Yellow curve is showing the next movement based on my view on this asset. The best entry is at the resistance test, if holds on 4H timeframe after a breakout and acts like support sure the bullish movement will be very strong.
Long
by IllyrianTrader
SHIBUSDT RejectedShiba Inu (SHIB) recorded its lowest historical price (ATL) a few days ago on the Binance chart. This downward trend began with a break of the descending trendline, and today the price retested that trendline with forceful rejection, causing a price drop. In my opinion, Shiba Inu may find support within this price range and break the descending trendline again. However, the current market trend doesn't seem particularly promising. The best course of action would be to wait for price stabilization and the breaking of resistances. The main resistance is indicated by the yellow color on the chart, which was previously a historical support but has now become a strong resistance.
by Madoir
SHIBUSDT hit again weekly support, next leg up to next resist.The price has found support at weekly level once again. Though it has been tested several time, I am inclined to give it one more chance and expecting the price to bounce again here at least to the next resistance zone which I see as 0 00001207. But thas not very prominent one and the price might see a bit of pullback there but will then head to 0.00001226. And if the momentum and strength is not exhausted then after experiencing a pullback here the price will head for 0.00001240. But I think lets have our target as 0.00001226 first and 0.00001207 as a pivot for moving our stop loss to the entry point. That means once the price hits 0.00001207, the stop loss must be moved to the entry point.
Long
by angela_altair
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