---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
SHIB/USDT: Bullish reversal on going
Context
The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital asset Shiba Inu (SHIB) is suffering about negative global market situation, and with a massive total supply of 1,000,000,000,000,000 (55% of the supply in circulation) it is hard to see a fondamental bullish pressure to be set from the supply management.
Main ressources
Coin Market cap (Supply) =>https://coinmarketcap.com/currencies/shiba-inu/
Shiba Token (Website) = > shibatoken.com/
Market configuration
- Graphical Elements :
Graphical Resistance = 0,00001570/1930 & 0,00002840
Graphical Support = 0,00000950
- Mathematical Indicators:
EMA ( Exp Moving averages) are support = Bullish
RSI indicator (below) is reintegrating 50% = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target c B hasn't been already reached = 0,00000685
Fibonacci support of the wave (ii) = 0,00000950
Fibonacci Bullish Target = 0,00001930 & 0,00002840
Conclusion
Prefered case => As long as 0,00000950 remains support a further rise towards the upper part of the bearish channel at 0,00001570 before 0,00001930. After having reached those target a larger rise will be confirmed
SHIB/USDT: Bullish reversal on going
Context
The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital asset Shiba Inu (SHIB) is suffering about negative global market situation, and with a massive total supply of 1,000,000,000,000,000 (55% of the supply in circulation) it is hard to see a fondamental bullish pressure to be set from the supply management.
Main ressources
Coin Market cap (Supply) =>https://coinmarketcap.com/currencies/shiba-inu/
Shiba Token (Website) = > shibatoken.com/
Market configuration
- Graphical Elements :
Graphical Resistance = 0,00001570/1930 & 0,00002840
Graphical Support = 0,00000950
- Mathematical Indicators:
EMA ( Exp Moving averages) are support = Bullish
RSI indicator (below) is reintegrating 50% = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target c B hasn't been already reached = 0,00000685
Fibonacci support of the wave (ii) = 0,00000950
Fibonacci Bullish Target = 0,00001930 & 0,00002840
Conclusion
Prefered case => As long as 0,00000950 remains support a further rise towards the upper part of the bearish channel at 0,00001570 before 0,00001930. After having reached those target a larger rise will be confirmed
CIO & Head of market research (Automata - Akt.io)
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