Let's see how SHIB is behaving.
This is a 1H chart.
SHIB has gone through corrections and fallen on the support levels.
The market is still showing Strong Sell volumes for SHIB, and as you can see on the chart, two support areas are strong for holding the price up.
There are also two other resistance areas pushing down on price.
The Bollinger Bands are close to each other but expanding, which is not a good sign for the short term. The price is pushing down on the lower band.
The RSI shows that SHIB is oversold, and it tries to gain volumes to go back up. But it's so weak that it's falling again.
The readings show that it was going back up to the center (50), then it got rejected and pulled down on the way up. But it's still a very week for this weekend. Watch out because more Sell volumes might appear.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $0.00003526
Let me know your ideas.
Good luck.
This is a 1H chart.
SHIB has gone through corrections and fallen on the support levels.
The market is still showing Strong Sell volumes for SHIB, and as you can see on the chart, two support areas are strong for holding the price up.
There are also two other resistance areas pushing down on price.
The Bollinger Bands are close to each other but expanding, which is not a good sign for the short term. The price is pushing down on the lower band.
The RSI shows that SHIB is oversold, and it tries to gain volumes to go back up. But it's so weak that it's falling again.
The readings show that it was going back up to the center (50), then it got rejected and pulled down on the way up. But it's still a very week for this weekend. Watch out because more Sell volumes might appear.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $0.00003526
Let me know your ideas.
Good luck.
