After the new All-Time High for Shiba Inu (SHIBUSDT) 27-Oct., we can see that first EMA21 was tested as support followed by EMA50.
After EMA50 we have a lower high with the current candle moving below EMA10 while challenging EMA21.
Volume is very low here, but if EMA21 (0.00006899) breaks, we will see SHIBUSDT move a leg lower and test the 0.00004847 - 0.00005150 price range. This is the main support on a bearish move and where prices can bounce (red to green arrows).
But what about the bulls?
We can see bullish momentum build up again above 0.00007481 but the ATH will remain as strong resistance. (blue arrow)
Are you still holding your SHIBs? Did you take profits?
i bought shib when it was at 0.00000722 and I've got a lot of profit. and now I'm holding just $90-100 shib and I want to sale it above 0.00009 and thanks for your idea it's too much helpful
Fartman
⋅
This is a sh|t coin with 549 TRILLION, with a T, in circulation. Don't get sucked in to the hype with the smoothbrains.
youkhanis.james
⋅
@Fartman, 99.5% of all coins are shit, what is your point? It's casino end of the day.
Fartman
⋅
@youkhanis.james, My point is that the functional coins, with a limited fixed amount, will be successful. This Shiba nonsense, it's insulting to the blockchain and serious players. With 549 Trillion coins, every HUMAN ON EARTH could get 78,428 shiba if distributed equally. That's fvcking retarded.
dualmass
⋅
We know there is one more wave that ends in December, so where do think it may land? Thanks Alan enjoyed your last market cycle top analysis in 2017-2018, hope to see you have similar success
Mihai_Iacob
⋅
good stuff here! Thanks
ajunurine1s
⋅
#hold and #buy at dips
Nemasu17
⋅
my strategy is to hold for a year atleast. because its no longer a meme coin now. FOMO and the hype itself will push it's price higher. and yes it doesn't follow the charts.
UnknownUnicorn18328134
⋅
Alan big thanks for that detail chart, but do you thinking like that hyped HIT follow charts? as i seen nobody able to give proper hint for that type of HIT, by the way I noticed your last chart its really take support from which area you mention, anyway Big thx
and thanks for your idea it's too much helpful