Shiba Scalping + Forecast (2-19)🔥 Market Overview (SHIBA/USD):
Trend: Shiba Inu is in a corrective downtrend, struggling to gain momentum after recent sell-offs.
Key Levels:
Resistance: 0.00001600
Support: 0.00001500
Indicators:
EMA 9 (0.00001534) acting as immediate resistance.
EMA 200 (0.00001633) is the key long-term trend leve
Possible RetestIs the price correction a possible retest of the rectangle? Please observe the 0.00001643 key level, and notice it is in a FVG and close to the 50 % Fib level. Please be careful and have a nice day.
SHIBUSD The Death Cross may form the new bottom.Shiba Inu (SHIBUSD) is on the Bearish Leg of a 1-year Triangle pattern and is about to form a Death Cross on the 1D time-frame. The last 1D Death Cross (July 17 2024), caused one final pull-back to form the new bottom, which as you can see was on a Double Bottom 1D RSI.
The target of the Bullish Le
higher highs and higher lows for now.........Hope all is well
Last candle CCI was around 250 hypothesizing that the asset was overbought. MACD(Chris Moody) is bullish. Asset making higher highs and lower lows. Hypothesizing that correction may stop at one of the FVGs in the green blocks on the chart, or Demand Zone or hopefully closest key le
Triangle on DailySHIB is currently forming a double bottom in and triangle. Please see key levels on chart. Please confirm breakout and watch out for fakeouts
Shiba Inu AnalysisShiba Inu Analysis
Shiba Inu has recently experienced a downtrend, breaking through a significant support level. Currently, it appears to be retesting this level; however, this remains unconfirmed until the candle closes.
In my view, it would be prudent to await the closure of the current candl
Long Wick CandleGood day Team
Risky dangerous Times for SHIB.
SHIB is resting on a key level (please see chart).
With a prior long wick candle that had some interesting volume. Long Wick candles at a key level have a chance (not certain) of price reversal but the next candle needs to be significant or close above t
See all ideas
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