Join Our Telegram channel to stay up to date on breaking news coverage
The bulls’ momentum may break $0.000012 level
SHIBUSD Price Analysis – August 13
Break Further increase in the bulls’ momentum will make the Shiba Inu to break above the resistance level of $0.000012; above it are $0.000013 and $0.000016 resistance levels. TAMA is the next SHIB.
Key levels:
Resistance levels: $0.000012, $0.000013, $0.000016
Support levels: $0.000011, $0.000010, $0.000009
SHIBUSD Long-term Trend: Bullish
Shiba Inu is on the bullish movement on the daily chart. The coin bottomed at the support level of $0.000007 on 18 June. The sellers’ pressure failed and it bounced up with the formation of strong bullish candles. It pulled back and started a ranging movement within $0.000010 and $0.000011 levels. On July 18, the bulls gained more momentum and break up the resistance level of $0.000011, further price increase experienced and it tested $0.000012 resistance level.
The slow Moving Average (21 periods) is below the fast Moving Average (9 periods EMA) and the price is trading above the two EMAs as a sign of bullish movement. Further increase in the bulls’ momentum will make the price to break above the resistance level of $0.000012; above it are $0.000013 and $0.000016 resistance levels. Should the $0.000012 resistance level holds, the price may reverse and face the support level at $0.000011, further increase in the bears’ pressure may push down the price to $0.000010 and $0.000009. However, the relative strength index period 14 is at 62 levels pointing up slightly to indicate buy signal.
Your capital is at risk
SHIBUSD medium-term Trend: Bullish. TAMA is the next SHIB
Shiba Inu is bullish in the 4-hour chart. The crypto is making a higher highs and higher lows on the 4-hour chart after the formation of double bottom chart pattern. The price is steadily increasing, broken up the resistance levels of $0.000010 and $0.000011 levels. It is trying to break up $0.000012 resistance level at the moment.
The currency is trading above the 21 periods EMA and 9 periods EMA and the two EMAs are close to each other which indicates a low bullish momentum in Shiba Inu market. The relative strength index period 14 is at 60 levels and the signal lines is exhibiting buy signal.
Augmented reality app – AR brings to life Tamadoge pets in the real world. Coming in Q4 2023. The launch of the native mobile app will make it much easier for players to “stay close” to their pet and nurture and provide for them. TAMA is the next SHIB.
Related
Join Our Telegram channel to stay up to date on breaking news coverage
