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.
ノート
It has entered our support range.New analysis?
Let me know in the comments.
ノート
SHIBUSDT bullish breakout now taking place.Heading back towards resistance (up).
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