SHIBUSDT CAN BREAK RESISTANCE 0.00009000$ ? OR FALL ?
Hello Traders,
- On 4H time chart after a huge pump for SHIBUSDT we can see that a retracement is happening for a little while price managed to retest resistance zone on 0.00007800$ ( fibonacci 0.618 ) but failed pushing the price lower toward support 0.00006000$.
- Price action is respecting our non horizontal support , if breakdown happened price will fall back to last support zone 0.00006000$ - 0.00005000$ maybe more.
-Dump is happening right now as we can monitor a good amount of selling volume , will have to wait to see if buyers still have the steam to push the price higher then 0.000078000$ to 0.00009000$ or else a break below key level supports as mentioned previously.
Good Luck traders!
- On 4H time chart after a huge pump for SHIBUSDT we can see that a retracement is happening for a little while price managed to retest resistance zone on 0.00007800$ ( fibonacci 0.618 ) but failed pushing the price lower toward support 0.00006000$.
- Price action is respecting our non horizontal support , if breakdown happened price will fall back to last support zone 0.00006000$ - 0.00005000$ maybe more.
-Dump is happening right now as we can monitor a good amount of selling volume , will have to wait to see if buyers still have the steam to push the price higher then 0.000078000$ to 0.00009000$ or else a break below key level supports as mentioned previously.
Good Luck traders!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.