Check my 1st post to get free 3$ instantThis analysis compares the technical indicators of Shiba Inu (SHIB) and BONK, two popular cryptocurrencies, to determine whether to buy, sell, or hold.
*Shiba Inu (SHIB):*
- Moving averages: slightly bearish in the short term, but bullish in the long term
- Oscillators: neutral, with a slightly bullish MACD signal
- Fibonacci levels: support at $0.00001146, resistance at $0.00002929, $0.00003620, and $0.00004857
*BONK:*
- Moving averages: bullish, with a strong buying signal from longer-term EMAs
- Oscillators: mixed, with some indicators suggesting selling and others neutral
- Fibonacci levels: support at $0.00000426, $0.00000426, and $0.00001346, resistance at $0.00003075, $0.00003884
The analysis suggests that:
- SHIB may experience a slight decrease before finding support, but has potential for upward movement
- BONK has a stronger bullish outlook, with a robust buying signal from moving averages and mixed oscillator signals
Please note that this is a technical analysis and not financial advice. Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. It's essential to do your own research and consider your risk tolerance before making investment decisions.