SHIBUSDT : Inverted Head and Shoulder
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Shiba Inu (SHIB) Price Prediction 2022
Shiba Inu (SHIB) holds the 13th position on CoinGecko right now. SHIB price prediction 2022 is explained below with a daily time frame.
The above chart of Shiba Inu (SHIB) laid out the inverted head and shoulder pattern. It is the inverse of the head and shoulder pattern. Generally, in this pattern, the price action slides downwards and then rises up. Thus, forming three troughs in the pattern, left shoulder, head, and right shoulder.
This pattern can be a potential signal for the upcoming bullish market. If the price action establishes a breakout above the neckline resistance, the price might rise up to new highs.
Currently, Shiba Inu (SHIB) is in the range of $0.00001139. If the pattern continues, the price of SHIB might reach the resistance level of $0.000013. If it breaches this level, SHIB would rise to hit $0.00002193. If the trend reverses, the price of SHIB may fall to $0.00000961
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Shiba Inu (SHIB).
Resistance Level 1 $0.00001273
Resistance Level 2 $0.00002014
Resistance Level 3 $0.00003002
Resistance Level 4 $0.00004337
Support Level 1 $0.00000743
Support Level 2 $0.00000571
SHIB Resistance & Support Level
The charts show that SHIB has performed a bullish trend over the past month. If this trend continues, SHIB might run along with the bulls overtaking its resistance level at $0.00004337.
Accordingly, if the investors turn against the crypto, the price of the SHIB might plummet to almost $0.00000571, a bearish signal.
Shiba Inu (SHIB) holds the 13th position on CoinGecko right now. SHIB price prediction 2022 is explained below with a daily time frame.
The above chart of Shiba Inu (SHIB) laid out the inverted head and shoulder pattern. It is the inverse of the head and shoulder pattern. Generally, in this pattern, the price action slides downwards and then rises up. Thus, forming three troughs in the pattern, left shoulder, head, and right shoulder.
This pattern can be a potential signal for the upcoming bullish market. If the price action establishes a breakout above the neckline resistance, the price might rise up to new highs.
Currently, Shiba Inu (SHIB) is in the range of $0.00001139. If the pattern continues, the price of SHIB might reach the resistance level of $0.000013. If it breaches this level, SHIB would rise to hit $0.00002193. If the trend reverses, the price of SHIB may fall to $0.00000961
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Shiba Inu (SHIB).
Resistance Level 1 $0.00001273
Resistance Level 2 $0.00002014
Resistance Level 3 $0.00003002
Resistance Level 4 $0.00004337
Support Level 1 $0.00000743
Support Level 2 $0.00000571
SHIB Resistance & Support Level
The charts show that SHIB has performed a bullish trend over the past month. If this trend continues, SHIB might run along with the bulls overtaking its resistance level at $0.00004337.
Accordingly, if the investors turn against the crypto, the price of the SHIB might plummet to almost $0.00000571, a bearish signal.
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25-07-2022
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