Hi everyone,
Let's take a look at the SHIBUSDT chart on the 1 day time frame.
As you can see, we are moving in the downtrend channel marked with yellow lines.
It is worth setting a support zone from which the SHIB price has rebounded, and 3 important resistance zones that the price has in front of it. We are currently fighting the first one from $ 0.00001245 to $ 0.00001567. However, it should be taken into account that in order to break the first resistance zone, we have to leave the downward channel upwards and change the trend in the long term.
The CHOP indicator shows that we are starting to gain more and more energy and the MACD indicator shows a local upward trend.
Let's take a look at the SHIBUSDT chart on the 1 day time frame.
As you can see, we are moving in the downtrend channel marked with yellow lines.
It is worth setting a support zone from which the SHIB price has rebounded, and 3 important resistance zones that the price has in front of it. We are currently fighting the first one from $ 0.00001245 to $ 0.00001567. However, it should be taken into account that in order to break the first resistance zone, we have to leave the downward channel upwards and change the trend in the long term.
The CHOP indicator shows that we are starting to gain more and more energy and the MACD indicator shows a local upward trend.