The SHIB/USDT 8-hour chart displays a falling wedge pattern, a bullish continuation signal, indicating potential upward momentum. The RSI is recovering from oversold territory, aligning with bullish sentiment. The Stochastic RSI shows a crossover, supporting an upward trajectory. The EMA ribbons suggest resistance consolidation, but a breakout above $0.000023 could initiate significant gains. This aligns with the longer-term bullish perspective, as volume indicators suggest growing interest. SHIB is poised for a bullish breakout in the longer timeframe.
The TOTAL3 chart highlights a classic bull flag pattern, indicating a continuation of the uptrend after consolidation. The RSI remains steady near neutral zones, suggesting potential for upward momentum. Stochastic RSI in oversold territory signals a likely bullish reversal soon. EMA ribbons act as strong dynamic support, reflecting consistent buying interest. The chart strongly supports a longer-term bullish outlook for altcoins, including SHIB, as price action appears poised for a breakout towards higher levels in the coming sessions.
The SHIB chart reveals a potential bullish reversal setup, with liquidation heatmap indicating concentrated liquidity zones acting as support. Volume clustering suggests a possible breakout, aligning with a longer-term bullish trajectory for SHIB's price action.
Trade Details:
Entry: Around 0.00002087 ( Join my Binance live for premium crypto signals )
1st Tp: 0.00002694
2nd Tp: 0.00003277
3rd Tp : 0.00003556
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