📊 SHIB/USDT (1H) Analysis
Price is consolidating inside a rising wedge pattern. A strong breakout is expected soon.
Possible scenarios:
✅ Bullish case: Break above the upper trendline (~0.0000124) could push SHIB towards 0.0000130 - 0.0000134.
❌ Bearish case: If support around 0.0000115 fails, a drop toward 0.0000100 - 0.0000104 is likely.
🔎 Key levels to watch:
Resistance: ~0.0000120 — critical for confirming a bullish breakout.
Support: ~0.0000115 — losing this level could trigger a sharper decline.
Watch RSI and volume for breakout confirmation.
💡 Trading idea:
Long on breakout & retest above 0.0000124, targets at 0.0000130+.
Short on breakdown below 0.0000115 with targets near 0.0000100.
Use tight stops outside the wedge for risk management.
Price is consolidating inside a rising wedge pattern. A strong breakout is expected soon.
Possible scenarios:
✅ Bullish case: Break above the upper trendline (~0.0000124) could push SHIB towards 0.0000130 - 0.0000134.
❌ Bearish case: If support around 0.0000115 fails, a drop toward 0.0000100 - 0.0000104 is likely.
🔎 Key levels to watch:
Resistance: ~0.0000120 — critical for confirming a bullish breakout.
Support: ~0.0000115 — losing this level could trigger a sharper decline.
Watch RSI and volume for breakout confirmation.
💡 Trading idea:
Long on breakout & retest above 0.0000124, targets at 0.0000130+.
Short on breakdown below 0.0000115 with targets near 0.0000100.
Use tight stops outside the wedge for risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.