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$SHIB According to expert technical analysis, UNI is at a crucial support level of the 200 EMA (Exponential Moving Average) near $8.85 on a daily timeframe. This price above the 200 EMA indicates that UNI is still bullish. However, if UNI closes with a strong candle below the 200 EMA or the $8.5 level on a daily timeframe, there is a high possibility that UNI could fall more than 20% in the coming days to the $6.7 level. However, we may also see a bullish upside move, if the UNI daily candle gives a closing above the $9.7 level near to 50 EMA.SHIB technical analysis and key levels Besides the technical analysis of UNI, SHIB on the daily timeframe is looking bearish as it is below both the 50 and 200 EMAs. Additionally, in the last few days, it has been in a consolidation zone between the $0.000016 and $0.000018 levels. However, in this bearish market sentiment, there is also a possibility that if the SHIB price falls below the $0.000016 level, the next support will be at the $0.0000155 level. Examining SHIB’s OI data signals that the price may jump from this level, and if the SHIB daily candle closes above $0.000018, SHIB could surge more than 15% in the coming days. #shiba⚡ #ETH_ETFs_Approval_Predictions
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In a recent post on the X social media platform, legendary trader John Bollinger predicted that Bitcoin, the leading cryptocurrency, would keep consolidating within its current range. Bollinger noted that the flagship coin failed to pull off a price bounce after its two-bar reversal at the lower Bollinger Band. On June 25, the creator of one of the most popular trading tools said that the "lovely" two-bar reversal was supposed to be sufficient for a price jump. The chartist suggested that the cryptocurrency could potentially test the highs. However, this wasn't the case. Back in 2021, Bollinger said that the two-bar reversal was one of his most favorite trading patterns. In fact, he once called it his "bread and butter" trade. According to the chartist, the ideal two-bar reversal occurs when both bars are greater than the average true range (ATR), which is a popular market volatility indicator. Both bars should be big-range bars, according to Bollinger. The first bar should close outside the upper Bollinger Band followed by a close inside (or vice versa). This is a very useful strategy when it comes to counter-trend trades, according to Bollinger. The price of the leading cryptocurrency is currently sitting at $60,181, according to CoinGecko data. Earlier today, it managed to reclaim the $62,000 level, but this bullish momentum quickly fizzled out. #btc #eth #not
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