paper_Trader1775

Price needs to have a bullish breakout of the consolidaton, perferrably with significant RSI levels and some volume, Stochastic RSI is just indicating that this may be just a minor pullback from the downtrend. MACD(Chris Moody) had a bullish crossover but it is below the zeroline. We need a strong breakout above the 0.19225, for some real bullish activity. Have a safe day

On the hourly chart, SHIB has recently tested the 200 EMA(in orange) unsuccessfully two times. As of this time, it is consolidating under the 200 EMA again. The testing and rejecting of the 200 EMA has seem to form a parallel channel. Failure of the 200 EMA again, can lead to price drop to possibly 0.00001428 or lower. We need a break out from the 200 EMA with Higher Highs and Higher Lows.

In the past few hours price has formed a downward parallel channel. Price has cycled to the top of the channel and is challenging the 0.227 the 200 EMA (in orange), if it does not break out this channel and overcome the 0.229 price level we might see prices drop to the .22 or lower. Be careful have a nice day.

Price has made a falling wedge, Price is currently forming close to the tip of the Falling Wedge under the 200 EMA, if we get a bullish break out, we might test 0.22974 if we get a bearish break out, we might test one or both of the Demand levels below. Be careful and watch out for fake outs.

Price appears to be consolidating between a key level 0.24 and above the 200 EMA (in orange) 0.2173 There is also possible future cross over of the 50 EMA(in purple) with the 200 EMA(in orange). For bullish activity we need price to make Higher Highs and Higher Lows from the .24 key level. Please be careful this crypto asset has been battling this resistance for a few candles. Have a safe day

SHIB at this time is forming a double bottom in a parallel channel on the daily. It's also on an upward trend line and recently made Higher Highs and Higher Lows. However, it is still under the 200 EMA 0.00001602(in orange). If SHIB falls below 0.00001410 and makes a clear break of the downward trendline we might test the Demand Zone around the 0.00001260- 0.00001290 range. Please be careful of fakeouts and liquidation in either direction. Have a nice day.

SHIB is moving in a tight channel between 0.00001414 and 0.00001498 on the bottom of a parallel structure on the day chart, and a bearish breakout can possibly take it out of the channel to the 0.00001290 price range but a bullish breakout can possibly take it to the 0.00001700 price range. Please be careful and watch out for fakeouts.

Price fell and picked up pace around the 100 EMA in black. We currently have price action above the 21 EMA(yellow). We need buyers to push price out of the parallel structure. And hopefully we can see 25 cents. Let's hope that price doesn't cycle down the parallel structure.

The candle completes printing Sunday night.If we get a bullish candle on the 21 EMA, SHIB holders have hope, if price does not claim 0.00001402 region we can see prices go below to 0.00001300. But so far as of this time, we have price forming a hammer at the 21 EMA and at the support of an upward parallel channel and on the 0.00001414 key level. Be careful and watch out for a reversal or a drop or fluctuation.

Stochastic RSI is in oversold zone.RSI is in oversold zone.CCI near reversal zonePrice has cycled downed to the bottom of an upward parallel channel and the 200 EMA in orange.VIX indicator recently flashed bottom is in.Indicators are pointing toward a reversalIf price has a bearish breakout from upward parallel channel we can possibly see .18 to .17 prices. If we get a reversal we can see .20 cents again.