$SHIB

MA 7:0.00001364

The price is below the MA 7, signaling short-term bearishness.

MA 25:0.00001630

The price is well below the MA 25, showing sustained downward momentum.

MA 99:0.00002009

The price is significantly below the MA 99, indicating a strong long-term bearish trend.

Ichimoku Cloud: The price is trading below the cloud, confirming a bearish outlook. The cloud is also thick, suggesting strong resistance above.

Future Cloud: The future cloud shows potential resistance, further confirming a bearish trend.

Bollinger Bands

Upp. Band: $0.00001914

Mid. Band: $0.00001576

Low. Band: $0.00001238

The price is near the lower BB, indicating potential oversold conditions, but the overall trend remains bearish.

S RSI:

K: 18.10

D: 8.62

The SRSI is in the oversold territory, suggesting a possible reversal or consolidation in the short term.

MACD: The histogram is negative, showing bearish momentum. However, the MACD line is slightly above the signal line, indicating the potential for a bullish crossover.

ADX: 35.09

A reading above 25 indicates a strong trend, in this case, a strong bearish trend.

BOP: 0.62

A positive BOP suggests that buyers have some control, but the overall trend and other indicators are bearish.

CMF: 0.00

The neutral reading of CMF suggests there is no significant buying or selling pressure at the moment.

Summary

Trend: Strong bearish trend with potential short-term oversold conditions.

Support Levels:

Immediate support at $0.00001238 (lower BB).

Resistance Levels:

Immediate resistance at $0.00001370 (current price level and near-term resistance).

Further resistance at $0.00001548 (Ichimoku Base Line) and $0.00001914 (Upper BB).

Outlook: The price action suggests a continued bearish trend with possible short-term consolidation or minor recovery due to oversold indicators. However, significant resistance levels above indicate that any upside may be limited without strong buying pressure.

All that will get bullish trigger if $BTC shows its bull flag.

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