Hello everyone, let's take a look at the SHIB to USDT chart at 4H as you can see the price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support where the price is currently at is 0.00002250 $, if the support breaks down, the next one is 0.00002156 $ and 0.00002066 $.
Now let's move on from the resistance line, as you can see, the first resistance is $ 0.00002424, if you can break it, the next resistance will be $ 0.00002540, the next resistance is $ 0.00002639 and $ 0.00002736.
Looking at the CHOP indicator, we can see that in the 4H range we have a lot of energy, which may result in more traffic in the coming hours.
Let's start with the designation of the support line and as you can see the first support where the price is currently at is 0.00002250 $, if the support breaks down, the next one is 0.00002156 $ and 0.00002066 $.
Now let's move on from the resistance line, as you can see, the first resistance is $ 0.00002424, if you can break it, the next resistance will be $ 0.00002540, the next resistance is $ 0.00002639 and $ 0.00002736.
Looking at the CHOP indicator, we can see that in the 4H range we have a lot of energy, which may result in more traffic in the coming hours.