Sellers’ momentum is increasing in Shiba Inu market
Shiba Inu (SHIB) Price Analysis: 21 January
Sellers may force SHIB to break down the $0.0000087 and $0.0000079 levels if they can drive the price below the $0.0000094 support level. If bulls can hold the $0.0000094 level, the price of the cryptocurrency may increase above $0.00000944 and reach the resistance levels of $0.0000105 and $0.0000113
Key Levels:
Resistance Levels: $0.00000944, $0.0000105, $0.0000113
Support Levels: $0.0000094, $0.0000087, $0.0000079
SHIBUSD
Long-term Trend: Bearish
The daily chart for Shiba Inus is moving lower. Buyers dominated the SHIB market two weeks ago. The price broke through the barrier at $0.000011. A strong bearish candle for the day has appeared, indicating that sellers are ready to enter the market. On January 3, the daily candle dropped below the previous support level of $0.000009, indicating that bears rather than bulls drove the market lower.
SHIB is currently trading below the indication of the Hull Suite. Sellers may force SHIB to break down the $0.0000087 and $0.0000079 levels if they can drive the price below the $0.0000094 support level. If bulls can hold the $0.0000094 level, the price of the cryptocurrency may increase above $0.00000944 and reach the resistance levels of $0.0000105 and $0.0000113.
SHIBUSD Price Medium-term Trend: Bearish
Shiba Inu’s four-hour pricing chart shows how much of a negative shift there has been. Because there have been more sales than purchases during the last few weeks, the currency’s value has decreased by less than $0.000010. The dealers’ zeal caused the price to drop to $0.000095. As the sellers gain more traction, the price can decrease.
Bears are exerting pressure on the price of Shiba Inus based on the Hull Suite indicator, which indicates a sell market with a bearish signal and the QQE MOD below zero level.
You can purchase Lucky Block here. Buy LBLOCK
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.