SHIBUSDT (Shina Inu) is showing some mixed signals.
We have multiple resistance in play right now.
After a strong bullish wave, it is normal to see corrections take place.
Currently, prices are moving below EMA10 which is a bearish signal.
The indicators are in the bullish zone but trending lower.
This type of action can easily lead to a test of support before any additional bullish action.
The main support range on a drop is set around 0.00005600 - 0.00006300:
For a bullish continuation, the 0.00008800 - 0.00009500 resistance zone needs to be cleared first.
Leave a comment with your questions.
Thank you for reading.
Namaste.
We have multiple resistance in play right now.
After a strong bullish wave, it is normal to see corrections take place.
Currently, prices are moving below EMA10 which is a bearish signal.
The indicators are in the bullish zone but trending lower.
This type of action can easily lead to a test of support before any additional bullish action.
The main support range on a drop is set around 0.00005600 - 0.00006300:
For a bullish continuation, the 0.00008800 - 0.00009500 resistance zone needs to be cleared first.
Leave a comment with your questions.
Thank you for reading.
Namaste.
Comment:
SHIBUSDT bullish breakout now taking place.
Heading back towards resistance (up).
Heading back towards resistance (up).
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