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The bulls are dominating the SHIB market.
SHIBUSD Price Analysis – September 10
Further bullish momentum may test the $0.000013, $0.000014 resistance levels and the $0.000015 resistance level. If the sellers defend the $0.000013 resistance level, SHIB may reverse and enter lower at $0.000012, $0.000011 and $0.000010.
Key steps:
Resistance levels: $0.000013, $0.000014, $0.000015
Support levels: $0.000012, $0.000011, $0.000010
SHIBUSD Long Term Trend: Bullish
On the daily chart, SHIBUSD is in bullish motion. Since August 27, crypto is in dynamic mode. The situation started when sellers pushed the coin towards the support level at $0.000012. The momentum of the sellers became weaker and failed to break the level. Buyer pressure failed to push the price above the $0.00013 resistance level. This is what caused the price to diverge between the $0.000013 and $0.000012 levels.
The fast moving average (9 period EMA) is trying to cross the upside of the slow moving average (21 period EMA). The price is trading above the two EMAs as a sign of bullish activity. Further bullish momentum may test the $0.000013, $0.000014 resistance levels and the $0.000015 resistance level. If the sellers defend the resistance level of $0.000013, the price may reverse and enter below $0.000012, $0.000011 and $0.000010. However, the relative strength index period 14 is pointing upwards at 54 levels which is a buy signal.
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SHIBUSD medium-term trend: bullish, the sky is the beginning of TAMA.
SHIBUSD is bearish on the 4-hour chart. The coin drops from the $0.000017 resistance level to the $0.000012 support level. It will strengthen for a few days before buyers get enough pressure to break $0.000013. The price is rising to the resistance level of $0.000013.
The coin is trading above 21 period EMA and 9 period EMA. The two EMAs have diverged from each other, indicating strong momentum in the Shiba Inu market. The relative strength index period is 14 at 64 levels and the signal lines are showing a buy signal.
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