Will SHIB break out of the downtrend?
Hi
Let's look at the situation on SHIB to BTC.
As you can see the latest flag formation and retest ended with an increase in price and we are currently struggling with resistance at 0.00002324USDT. When we manage to break it, the next stop should be at the price of 0.00002498USDT. On the other hand, the support moved to the area of 0.00002718USDT and 0.00002268USDT. We can also observe the point of touching the downtrend line, breaking it can give potential further increases.
Let's look at the situation on SHIB to BTC.
As you can see the latest flag formation and retest ended with an increase in price and we are currently struggling with resistance at 0.00002324USDT. When we manage to break it, the next stop should be at the price of 0.00002498USDT. On the other hand, the support moved to the area of 0.00002718USDT and 0.00002268USDT. We can also observe the point of touching the downtrend line, breaking it can give potential further increases.
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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.