Shiba Inu (SHIB) has fell below the 20-day EMA (£0.000022) on April 2, indicating that the bears remain active and the price could likely push Shiba down towards the £0.000019 mark near the 50-day EMA. If the price rebounds off this level, the bulls will attempt to push the price to £0.000026. A break and close above this level will be the first sign that the...
It appears that another bullish pennant pattern may be forming for the SHIBA INU/GBP trading pair, based on the current price action and technical analysis. SHIBA INU's value compared to GBP may be going up soon based on how it's been behaving lately.
A bullish rise for Shiba from A to E. Drop off shortly after E to around 18 - 18.5 Time (1pm uk time to 7/11pm) Slight drops between A B C D E but a steady incline for Shiba which could see it break pass the 19 mark. What's your thoughts ?
Nice support on the 1H time frame. I’d be looking for a bounce off this ideally with a engulfing candle before looking to enter.