SHIB - Finding Support At The 84? What's Happening Next?
Happy Money Monday, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
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Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
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SHIB is sitting on the 84% Fib Level.
What's next for SHIB?
A. Further dipping could bring SHIB towards the 1340 level (Green Dotted Horizontal Ray Line)
B. SHIB could consolidate (move sideways) from here towards the Red Resistance Trend Line and as the 12 MA descends could meet up with it as well.
C. The most unlikely scenario but nevertheless could still be a possibility is that SHIB could do a U-Turn from here and go vertically to meet up with its 12MA.
MACD: Signal lines are still above the 329. If SHIB reverses and signal lines stays above the 329 level, then this will create a bullish divergence on the 1Day Chart.
Stoch RSI: Oversold Region.
Price action is KING!
Always remember to place your Stop Loss.
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
78.6% Fib Level sits at %17,225
84% Fib Level sits at $13,668
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
SHIB is sitting on the 84% Fib Level.
What's next for SHIB?
A. Further dipping could bring SHIB towards the 1340 level (Green Dotted Horizontal Ray Line)
B. SHIB could consolidate (move sideways) from here towards the Red Resistance Trend Line and as the 12 MA descends could meet up with it as well.
C. The most unlikely scenario but nevertheless could still be a possibility is that SHIB could do a U-Turn from here and go vertically to meet up with its 12MA.
MACD: Signal lines are still above the 329. If SHIB reverses and signal lines stays above the 329 level, then this will create a bullish divergence on the 1Day Chart.
Stoch RSI: Oversold Region.
Price action is KING!
Always remember to place your Stop Loss.
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
78.6% Fib Level sits at %17,225
84% Fib Level sits at $13,668
Comment:
Still consolidating.