ការមិនទទួលខុសត្រូវ: ការរកឃើញនៃការវិភាគខាងក្រោមគឺជាគំនិតតែមួយគត់របស់អ្នកនិពន្ធ ហើយមិនគួរត្រូវបានចាត់ទុកថាជាដំបូន្មានវិនិយោគទេ។
Post its decline below the daily 20 EMA (red), Shiba Inu [SHIB] dived to test its five-month trendline resistance (yellow, dashed). After declining below this level, the bears have heightened their influence over the last few days.
The current setup continued to take a bearish tilt, especially after the recent bearish engulfing candlesticks. Any close above or below the trendline resistance could influence the upcoming trend of the dog-themed token. (For brevity, SHIB prices are multiplied by 1,000 from here on).
នៅពេលសារព័ត៌មាន SHIB បានជួញដូរនៅ $0.00807 កើនឡើង 6.07% ក្នុងរយៈពេល 24 ម៉ោងចុងក្រោយ។
តារាងប្រចាំថ្ងៃរបស់ស៊ីប៊ី
ប្រភព៖ TradingView, SHIB/USD
SHIB’s symmetrical triangle-like structure saw an expected breakdown due to the token’s previous downtrend. The fall below the $0.02-level marked an over 63% plunge toward its eight-month low on 13 June.
Over the last month, the alt saw a descending triangle on the daily timeframe. The recent breakdown reaffirmed the bearish strength. As a result, the gap between the south-looking 20 EMA and the 50 EMA (cyan) has been hitting a record high.
With relatively lower trading volumes, SHIB still stood fragile near the $0.008-zone. Given the current sentiment, a reversal from the immediate trendline resistance could intensify the bearish propensity. In this case, the potential targets stood in the $0.0068-zone.
Should a sudden spike in buying volumes occur, any breach above the trendline resistance could be short-lived by the 20 EMA.
ហេតុផល
ប្រភព៖ TradingView, SHIB/USD
After testing the 38-mark several times, the RSI took a substantial plunge into the oversold region. From here on, a revival was plausible but would likely be short-term.
While the MACD lines undertook a bearish crossover below the zero-mark, the indicator suggested a selling edge.
Furthermore, the squeeze momentum indicator continued to take its position below its equilibrium whilst flashing grey dots. Thus, depicting a high volatility break.
សន្និដ្ឋាន
The broader indications suggested a bearish directional bias. Unless a strong reason is observed otherwise by the investors/traders, trading against the trend may not be favorable.
A compelling close below the $0.00776-level can open doorways for a shorting opportunity. The stop loss could be set in the $0.00862-$0.00892 range to effectively manage the risk.
Moreover, the alt shares a staggering 79% 30-day correlation with Bitcoin. Hence, keeping an eye on Bitcoin’s movement with the overall market sentiment could be essential for making a profitable move.
Source: https://ambcrypto.com/shiba-inu-heres-what-79-correlation-with-btc-could-imply-for-traders/