Hello everyone, let's take a look at the SHIB to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 0.00002389, if we manage to keep it, we can move quickly to the resistance point, which will give about 5.5% profit. However, if the support breaks down, the next one is $ 0.00002216.
Now let's move from the resistance line, as you can see, the first resistance is $ 0.00002556, if you can break it, the next resistance will be $ 0.00002672 and $ 0.00002768 plus $ 0.00002863.
Looking at the CHOP indicator, we can see that in the 4-hour interval some energy was used, while there was some left for the next move.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 0.00002389, if we manage to keep it, we can move quickly to the resistance point, which will give about 5.5% profit. However, if the support breaks down, the next one is $ 0.00002216.
Now let's move from the resistance line, as you can see, the first resistance is $ 0.00002556, if you can break it, the next resistance will be $ 0.00002672 and $ 0.00002768 plus $ 0.00002863.
Looking at the CHOP indicator, we can see that in the 4-hour interval some energy was used, while there was some left for the next move.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.