Chart: 1-Day Candle Chart
Exchange: Binance Square
Timeframe: April 21, 2024
Analysis Hour: 4:06 PM CEST (GMT+2)
Overall Outlook:
SHIBUSDT is up 0.46% in the past 24 hours, trading at 0.00002629.
Price opened at 0.00002616, reached a high of 0.00002820, dipped to 0.00002586, and closed at 0.00002629.
The candlestick body is green, indicating a bullish trend.
The wicks are relatively short, suggesting balanced buying and selling pressure.
Technical Indicators:
Moving Averages:
MA(7): 0.00002354
MA(25): 0.00002640
MA(99): 0.00001920
Price is trading above the 25-day moving average, supporting the bullish trend.
Support and Resistance:
Support: 0.00002586, 0.00002354
Resistance: 0.00002820, 0.00003000
Analysis:
SHIBUSDT is exhibiting a bullish trend in the past 24 hours. Price is trading above the 25-day moving average and closed above the support level. This suggests that buyers are in control and the price has the potential to move further up.
However, it is important to be cautious as the price approaches the resistance level. If price fails to break above resistance, it may pull back.
Possible Scenarios:
Bullish: If price breaks above resistance, it could move up to 0.00003000 and even higher.
Bearish: If price falls below support, it could drop to 0.00002586 and even lower.
Neutral: Price could trade between resistance and support.
Conclusion:
SHIBUSDT is showing a short-term bullish trend. It is important to follow price closely and be aware of the potential pullback at resistance.
Disclaimer:
This is just a technical analysis and is not investment advice.
It is important to do your own research before making any investment decisions.
Past performance does not guarantee future results.
Analysis Hour:
This analysis was made on April 21, 2024, at 4:06 PM CEST (GMT+2). Please make sure to check for updated information before making any investment decisions.
#Shıbawhales
$SHIB #SHIB🔥🔥 #SHIBA✅ #SHİBA/USDT #memecoin
