Hey there! In the daily timeframe, as you can see, the price has been accompanied by buying demand from the 0.00000670 range. With the break of the 0.00000733 resistance, it managed to move into the supply zone. Currently, after the growth from the supply zone, it has encountered negative reactions and is trading in the price range of 0.00000770, indicating a range-bound movement.
A potential scenario to consider in the daily timeframe is as follows: If, after the consolidation, the price can break above the significant resistance range of 0.00000800 and consolidate, there's a possibility of further growth towards the specified targets, as shown in the image. The important support ranges are at 0.00000740.
Alternatively, if the price falls below the support range and consolidates, there's a possibility of a price correction to the support zone at 0.00000670. The potential trend is also depicted in the image above.
As always, it's essential to conduct your analysis and consider additional factors before making any trading decisions. Good luck! If you found this analysis helpful, please show your support by liking and commenting. Thank you! 🚀😊
❌ (DYOR)
⭕Of course, if you have any more inquiries or require further clarification, don't hesitate to reach out. I'm here to assist you!✌
A potential scenario to consider in the daily timeframe is as follows: If, after the consolidation, the price can break above the significant resistance range of 0.00000800 and consolidate, there's a possibility of further growth towards the specified targets, as shown in the image. The important support ranges are at 0.00000740.
Alternatively, if the price falls below the support range and consolidates, there's a possibility of a price correction to the support zone at 0.00000670. The potential trend is also depicted in the image above.
As always, it's essential to conduct your analysis and consider additional factors before making any trading decisions. Good luck! If you found this analysis helpful, please show your support by liking and commenting. Thank you! 🚀😊
❌ (DYOR)
⭕Of course, if you have any more inquiries or require further clarification, don't hesitate to reach out. I'm here to assist you!✌
Comment:
In the daily time frame, as you can see, after a slight correction and considering past analyses, the price, supported by maintaining the crucial support range of 0.00000760, managed to achieve a 13% growth. Currently, the trend is still within range, and analytically, the previous report remains valid. The potential scenario we can consider in the daily time frame is that, after breaking out, if the price can penetrate above the significant resistance range of 0.00000800 and maintain that position, there is a possibility of further growth towards the respective targets, as indicated in the image above. The important support ranges are at 0.00000740. Additionally, if the price penetrates below the support range and stabilizes, there is a likelihood of a corrective move towards the support range of 0.00000670. The potential trend is also illustrated in the image above. 📈💹
Comment:
In the daily timeframe, based on the previous analysis, after a 27% growth, the price again faced a correction to the support level. It is currently reacting positively to the support level again. The scenario we can consider in the daily timeframe is as follows: if the support level of 0.00000700 is maintained and confirmed, we will see positive fluctuations to the price levels of 0.00000900/0.000010.
In the case of growth, to better understand the continuation of the trend, we need to see how the price reacts to the resistance levels. In addition, otherwise, if the price breaks below the important support level and consolidates, there is a possibility of further correction.
As always, it's essential to conduct your analysis and consider additional factors before making any trading decisions. Good luck! If you found this analysis helpful, please show your support by liking and commenting. Thank you! 🚀😊
❌ (DYOR)
In the case of growth, to better understand the continuation of the trend, we need to see how the price reacts to the resistance levels. In addition, otherwise, if the price breaks below the important support level and consolidates, there is a possibility of further correction.
As always, it's essential to conduct your analysis and consider additional factors before making any trading decisions. Good luck! If you found this analysis helpful, please show your support by liking and commenting. Thank you! 🚀😊
❌ (DYOR)
Comment:
Well, Shiba Inu has seen a growth of nearly 18% so far, as we expected.✌🔥🍻
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