Sellers are ruling SHIB market
Shiba Inu (SHIB) Price Analysis: 05 March
In case the cryptocurrency is able to successfully decline below $0.0000097, it might reach levels of $0.0000073 and $0.0000054 support levels. SHIB may rise to the resistance levels of $0.000013, $0.000015, and $0.000016 if the $0.0000097 support level holds.
Key Levels:
Resistance Levels: $0.000013, $0.000015, $0.000016
Support Levels: $0.0000097, $0.0000073, $0.0000054
SHBUSD Long-term Trend: Bearish
Shiba Inu is bearish on the daily chart. The cost ranged between $0.0000073 and $0.0000097 last December. On 13 January, the coin increased to a high of $0.000015 after breaking up $0.0000097 and $0.000013 levels. The sellers argued in favor of the indicated level. The prior support level of $0.000013 was breached downside. The price penetrates the dynamic support levels downside and it is currently heading toward $0.0000097 support level.
The 9-period and 21-period EMAs are above the price of Shiba Inu. In case the cryptocurrency is able to successfully decline below $0.0000097, it might reach levels of $0.0000073 and $0.0000054 support levels. The price may rise to the resistance levels of $0.000013, $0.000015, and $0.000016 if the $0.0000097 support level holds. The period 14 signal line for the Relative Strength Index is heading downward at level 37, indicating a sell.
SHIBUSD Price Medium-term Trend: Bearish
Shiba Inu is bearish on the 4-hour chart. The cryptocurrency bounced up from the support level of $0.0000073 on 13 January. That was a bullish breakout from the ranging movement. The $0.0000097 resistance level was broken upside and the price increased to the resistance level of $0.000015 on 04 February. Sellers defended the just-mentioned level and the price is declining at the moment.
Shiba Inu is trading below the dynamic support levels, indicating a bearish movement. The Relative Strength Index is leaning downward at 33, signaling a sell.
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.
