Shiba Inu Breaks Downtrend Line – Is A Trend Reversal Imminent?
Shiba Inu (SHIB) along with another meme coin Dogecoin (DOGE) have had the worst crashes. However, SHIB is singing a different tune as it turns green after suffering a bearish downturn for a long time. Unlike DOGE, the crypto community is very optimistic about the future of Shiba Inu’s price. Shiba Inu is a popular dog meme coin that is said to rival Dogecoin. SHIB is a high-performer in the crypto space but also suffered a catastrophic drop like the rest of the crypto market. However, in October, SHIB was able to bounce back by more than 100% and reached an ATH of $0.00008616. Shiba Inu....
Related News
Ethereum Price Key Highlights. Ethereum price has been trending higher on the short-term time frames, as the rising trend line support is still holding. Price hit a major area of interest visible on the longer-term charts, triggering a pullback to the trend line. Ethereum price could be in for a short-term downtrend if it breaks below the trend line and completes a head and shoulders pattern. Watch 0.00300 Closely. The neckline of the head and shoulders reversal pattern lines up with the trend line support around the 0.00300 level, with a downside break likely to confirm that further....
Bitcoin price is pulling up from its slide but might be ready to trend lower upon testing the resistance. Bitcoin Price Key Highlights. Bitcoin price is trading in a downtrend, moving below a descending trend line on its daily time frame. Price is gearing up for a test of the trend line and could be ready to resume the selloff soon. However, technical indicators are suggesting that buying pressure might still be present. Technical Indicators Signals. The 100 SMA is still above the longer-term 200 SMA so the path of least resistance could still be to the upside. In that case, a break past....
After testing the $200 critical support point, the price of bitcoin dropped today to around $170, before rising up again to $191 at the time of writing of this article. By drawing a trend line between the high reached on the 3rd of December, 2013 ($1177) and the low reached on the 10th of February, 2014 ($102) and plotting the Fib Speed Resistance Fan on the daily BTC/USD charts, we can see the price bouncing off the 0.61 fan line in last October (the red circle on the above chart) and as of today, the price touched the 0.5 fan line (the blue circle on the above chart), which is considered....
SHIB’s price continues to struggle as price ranges in a descending triangle with a major breakout imminent. SHIB trades below key resistance as price ranges under 8 and 20-day EMA. The price of SHIB struggles to flip key resistance into support, with eyes set on retesting a high of $0.00002. Shiba Inu (SHIB), one of the most loved crypto memecoin winning the heart of many after a few months’ surge, could replicate this move. All indicators and patterns show that Shiba Inu’s price (SHIB) is long overdue for a rally to a region of $0.00002 and even high if bulls are....
Bitcoin price fell to test the $230 support line yesterday, yet the $230 line seems to support the price well, as the price started rising again after testing the $230 support line to score around $237 at the time of the writing of this article. By studying the 4 hour Bitfinex (BTC/USD) chart from tradingview.com and plotting the Vortex Indicator (VI) (look at the below chart), we can notice that the red downtrend line is still above the blue uptrend line, which is synchronizing with the current bearish trend. Reversal of the bearish trend will be inevitable when we can see:4 or more....