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SHIB is under bears’ pressure
SHIBUSD Price Analysis – 20 November
Should the sellers’ momentum increase further and break down the $0.0000073 level, SHIBcrease further to the $0.0000061 level and the support level of $0.0000054 may be tested. In case the bears’ momentum fails at $0.0000073, the price may increase and penetrate $0.0000092 upside, and $0.000013 and $0.000015 may be tested.
Кључни нивои:
Нивои отпора: 0.0000092, 0.000013, 0.000014, 0.000015 долара
Нивои подршке: 0.0000073 УСД, 0.0000061 УСД, 0.0000054 УСД
СХИБУСД Дугорочни тренд: Медвеђи
SHIBUSD is on a bearish movement on the daily chart. The sporadic increase in the price of the SHIB place the coin at the high level of $0.000016 on 14 August. The resistance level just mentioned rejected further increase. The price decreases as the sellers’ pressure increases. The bearish momentum broke down support levels of $0.0000013. The price targets the support level of $0.0000073, which is the previous low of 18 June.
SHIB is trading below the two EMAs as a sign of a bearish movement. The fast Moving Average (9-periods EMA) has crossed the slow Moving Average (21-periods EMA) downside. Should the sellers’ momentum increase further and break down the $0.0000073 level, the price may decrease further to the $0.0000061 level and the support level of $0.0000054 may be tested. In case the bears’ momentum fails at $0.0000073, the price may increase and penetrate $0.0000092 upside, $0.000013 and $0.000015 may be tested. However, the relative strength index period 14 is at 38 levels displaying a bearish direction.
СХИБУСД средњорочни тренд: Медвеђи
SHIBUSD is bearish in the 4-hour chart. The resistance level of $0.000012 holds and the bears’ pressure increases to break down $0.0000092. The price is heading toward the support level of $0.0000073. The low of June may be tested.
The coin is trading below the 21-periods EMA and 9-periods EMA. The fast-moving EMA is below the slow-moving EMA, indicating a strong bearish momentum in the Shiba Inu market. The relative strength index period 14 is at 37 levels and the signal lines is exhibiting a bearish signal.
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Source: https://insidebitcoins.com/news/shiba-inu-price-prediction-for-today-20-november-shib-may-test-june-low