Shiba Inu Mixed Signals, Support & Resistance Levels Analysis

SHIBUSDT (Shina Inu) is showing some mixed signals.

We have multiple resistance in play right now.

After a strong bullish wave, it is normal to see corrections take place.

Currently, prices are moving below EMA10 which is a bearish signal.
The indicators are in the bullish zone but trending lower.

This type of action can easily lead to a test of support before any additional bullish action.

The main support range on a drop is set around 0.00005600 - 0.00006300:

For a bullish continuation, the 0.00008800 - 0.00009500 resistance zone needs to be cleared first.

Leave a comment with your questions.

Thank you for reading.

Namaste.

Kommentar:

It has entered our support range.

New analysis?
Let me know in the comments.

Kommentar:

SHIBUSDT bullish breakout now taking place.
Heading back towards resistance (up).