paper_Trader1775

SHIB needs to beat the 0.00001223 key level and then the 200 EMA at 0.00001238 and then that downward trendline, to get the bulls fired up.

Is it just my imagination or is the coin on the move again. Around April 11th it made a nice move up and then around the middle of May consolidated and dropped into what we have a Demand zone. Even though we are below the 200 EMA, price so far has not broken it's recent low. Keep your eyes on the next few candles and the trendline, we need a bullish candle above the Demand Zone for recovery.

Price was moving in an upward parallel channel. But price has declined and is consolidating on the outskirts of that channel between 0.1973 and 0.1868. A breach below this consolidaton can possibly send prices to the 0.181 region. On the otherhand, bullish action out of the channel could possibly lead to price action to the 0.21 zone. Please be mindful of fake outs and liquidation.

Shib is consolidating in demand zone and near a key level.Bulls need price to break out of the Demand Zone above 0.00001300 to hopefully 0.00001427.If the Demand Zone fails bears can push price down to the 0.00001100 levels.Be careful and have a nice day

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.