The price has hit daily support twice and both the times, it had a significant bounce to the next resistance zone. This second bounce currently trying to pierce through the resistance. With a bit of push back, I believe the price is going to move above the resistance zone and may aim for 4h resistance 2 zone.
The price is heading towards 4h support 2 zone. It is expected to hit around 0.00001290 before any bounce from that support.
The price is ranging between the support and two resistance ranges. Currently hitting the 1h resistance turned support area. I think it should again aim for the 4h resistance 1 zone.
Hello traders, we want to check the SHIBUSDT chart in the daily time frame. The price is moving in an upward channel after breaking a range zone. We expect the price to continue its upward trend and the next target for the price It was supposed to be 0.00001800.Good luck. SHIBUSDT buy Entry : 0.00001305 Stop : 0.00001060 , Target :...
So the price now is bouncing from the 4h support 1 area. How about trying to hit 1h resistance zone marked on the chart. I see the probability of this event higher than the price going the other direction immediately.
SHIBUSDT seems like heading for 4h support region. It clearly got rejected from 4h resistance 2 zone after the breakout
Yesterday evening (UTC) I expected the 4h candle to close above this 4h resistance level which would have caused the price to test the recent high and the 4h resistance 2 zone. But that did not happen as the 4h candle closed below and that caused the price to fall further. Currently we bounced back to the 4h resistance 1 zone from support area marked as the line...
The price has hit the 4h resistance 2 finally as marked on the chart. However, it seems that pushed the price back under the resistance and it is trading below the resistance. There is a very high probability that it will make another attempt to hit and break this resistance at around 0.00001400 level The previous 4h resistance (marked in chart as 4h resistance 1)...
The price has closed above the 4h resistance which was holding the price back for long. This kind of clears the way for move up to the next resistance zone. That resistance might not be that strong and price can then head for the next resistance level marked on the chart. A possible price path has been depicted. However, let us go step by step and then do the...
The price is likely to hit the weekly support level before a bounce. The bounce will very likely meet the 4 resistance area around 0.00001276. The price will be pushed back from this resistance very likely.
So we touched the 4h support again. Now it is time to move up and break through the 4h resistance sitting above around 0.00001476 area. I will update the probable price action once price reaches 0.00001525 level.
As mentioned in the last post, the price hit the previous 4h support level and and got rejected from there. It is likely that it will touch the 4h support region again.
So the price hit finally the marked support area. And we see a bounce which was depicted in the last post. The price will likely hit the 4h resistance at 0.00001476 level. The next course after the price hits that level will be decided by looking at the price action at that level.
Price may tap this 4h support region in this pullback. But before this pullback, probably price might revisit0.00001544 level. Though current price level 0.00001526 is a good candidate for the next leg down to begin from here. However during the pullback there is a little chance that it may miss that 4h support by a little 1% mark as there is hourly support there...
The current 30m candle (UTC 10:30-11:00) has a higher probability of being a red one.
🔍 Based on technical analysis, the Shibusdt chart on TradingView presents an opportunity to enter a 📉 short trade at 0.00001550. The target profit (TP) 🎯 is set at 0.00001140 and the stop loss (SL) 🛡️ is placed at 0.00001575. Investors are advised to consider this short trade as a 💡 potential opportunity in the current market conditions. 💹
As you can see from 4h chart of SHIB Token Shiba Inu Coin price broke the resistance at around $0.00001278 now now when the price in future if it retest it we might see a good buying oppertunity.
The current 4h candle (UTC 08:00-12:00) has a slightly higher probability of being a red one.