Buyers are ruling SHIB market
Shiba Inu (SHIB) Price Analysis: 19 March
An increase in the buyers’ pressure will increase the price above the resistance level of $0.0000113, in which the $0.0000117 and $0.0000125 may be tested. In case the cryptocurrency is able to successfully decline below $0.0000108, it might reach levels of $0.0000106 and $0.000091 support levels.
Key Levels:
Resistance Levels: $0.0000113, $0.0000117, $0.0000125
Support Levels: $0.0000108, $0.0000106, $0.0000091
SHBUSD Long-term Trend: Bearish
Shiba Inu is bearish on the daily chart. The resistance level of $0.0000138 was tested a few weeks ago. Sellers took over the market when the price reached the high of $0.0000138 resistance level. The former support level of $0.0000125, $0.0000117, and $0.0000113 turned to resistance levels. The support level of $0.0000106 was tested on 10 March. The price bounced up to retest the resistance level of $0.0000113. Since then, the price has been ranging between $0.0000113 and $0.0000108.
The 9-period EMA is below the 21-period EMA and the price is trading between the two EMAS. An increase in the buyers’ pressure will increase the price above the resistance level of $0.0000113, in which the $0.0000117 and $0.0000125 may be tested. In case the cryptocurrency is able to decline below $0.0000108 successfully, it might reach levels of $0.0000106 and $0.000091 support levels. The period 14 signal line for the Relative Strength Index is heading upward at level 45, indicating a buy.
SHIBUSD Price Medium-term Trend: Bullish
Shiba Inu is bullish on the 4-hour chart. The cryptocurrency tested the support level of $0.00000986 on 10 March. The just mentioned level was defended by the bulls with the formation of a pin bar. The price increased toward the $0.0000118 resistance level and pulled back. Currently, it is trading within $0.0000113 and $0.0000108 levels.
Shiba Inu is trading between the dynamic support levels, indicating a bullish movement. The Relative Strength Index is leaning upward at 53, signaling a buy.
You can purchase Lucky Block here. Buy LBLOCK
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
