- The trading volume of SHIB in the last 24hr at the time of writing this article is +93.26%
- The price of SHIB/BTC and SHIB/ETH at the time of writing this article is 0.000000000182 BTC and 0.000000002579ETH respectively
- The price has broken the 100MA resistance.
LONG TERM VIEW:-
In the we can see that the price is in a very good bullish run as the price was able to break the 100MA and move up and we can also see that the 20MA has also crossed the 50MA which is a huge bullish sign, having said that we can see the MACD is also showing Green histogram, meaning the MCAD line is above the Signal line and there is no sign of the line to change it direction. Moreover we can see that the RSI is in the neutral zone near the 63 which is close to the overbought zone of 70 and RSI is also pointing towards the Overbought zone, meaning the price can be more bullish if the bulls continue with the same pressure. We can see the price has reached the resistance if the bulls keep this pressure we can see the resistance to be broken the price breaking the $0.00000900 mark
SHORT TERM VIEW:-
In the 4hr time interval we can see that the price is able to break the 100MA is heading towards the resistance. In addition to that we can see the MACD is showing the green histogram as the MACD line is above the Signal line. Moreover we can see the 20MA is crossing the 50MA in an upward direction. If the price is able to break the resistance we can see the 20MA crossing the 100MA soon. On the other hand the RSI is in the overbought zone at 77 which is bad, meaning the bears now can try to push the price down as the Coin is overbought.
CONCLUSION:-
Looking at the both long term and short view we can see the trend is bullish but will continue for long as the RSI in the 4hr time interval is in the overbought zone which is a bearish sign and the price is near the resistance in the daily time interval. If the bulls can keep this pressure and win the fight against the bear the price can go up a little bit more but in the upcoming day it will go down in a bearish trend.
RESISTANCE:-$0.00000900,$0.00000953
SUPPORT:-$0.00000753,$0.00000685