Hello everyone,
Please take a look at the SHIB / USDT chart on the 1D interval.
We see that the price is just below the downtrend line and we are approaching the exit from the triangle.
It is worth paying attention to the CHOP indicator which shows an increase in energy for the upcoming moves. And the MACD indicator where the blue line is still above the red one, which may confirm the continuation of the local uptrend.
Let's move on to determining the support points for the price, as you can see the first support is at $ 0.00002623, and the next support at $ 0.00002409, $ 0.00002085.
Looking the other way, we have marked the points of resistance that the price will most likely meet on its way before the increases. The first resistance occurs at $ 0.00002901, the second at $ 0.00003031, and the third at $ 0.00003114.
Please take a look at the SHIB / USDT chart on the 1D interval.
We see that the price is just below the downtrend line and we are approaching the exit from the triangle.
It is worth paying attention to the CHOP indicator which shows an increase in energy for the upcoming moves. And the MACD indicator where the blue line is still above the red one, which may confirm the continuation of the local uptrend.
Let's move on to determining the support points for the price, as you can see the first support is at $ 0.00002623, and the next support at $ 0.00002409, $ 0.00002085.
Looking the other way, we have marked the points of resistance that the price will most likely meet on its way before the increases. The first resistance occurs at $ 0.00002901, the second at $ 0.00003031, and the third at $ 0.00003114.
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.