This chart is a tossup for me. However, I lean bullish here.
To me, it looks like
SHIB
has 1 more leg higher to go before turning bearish over the short term.
As you can see on the chart, price has held that bullish trend line. RSI is completely bottomed out on lower timeframes which to me indicates a move higher needs to happen before price can fall lower here.
I lean towards a move higher to that $.00001074 area to mark off a high on the short term.
The bearish scenario would be a break of the trendline and then falling to that lower support area. After that region gets tapped, then I think the higher target will play out.
Let's see what happens.
To me, it looks like
SHIB
has 1 more leg higher to go before turning bearish over the short term. As you can see on the chart, price has held that bullish trend line. RSI is completely bottomed out on lower timeframes which to me indicates a move higher needs to happen before price can fall lower here.
I lean towards a move higher to that $.00001074 area to mark off a high on the short term.
The bearish scenario would be a break of the trendline and then falling to that lower support area. After that region gets tapped, then I think the higher target will play out.
Let's see what happens.
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With the current move down, now leaning towards a move towards $.00000938 or so as local top, then continuation down.
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Either that, or can see an extension to $.00000999.
That's where I have sell orders as of now.
That's where I have sell orders as of now.
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Sorry for the change in targets $.00001047 is where I'm selling.
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I'm out of this trade with the loss of the blue trendline
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First support hit. Let's see if it bounces