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Shiba Inu Bulls Face Obstacle with Sellers Likely to Take Turn

Shiba
September 08, 2023

Shiba Inu (SHIBUSD) Sets To Retrace Upward As The Market Approaches An Oversold State

SHIBUSD Analysis: Price Sets To Retrace Upward As The Market Approaches An Oversold State SHIBUSD is set to retrace upward as the market approaches an oversold state, according to the RSI (Relative Strength Index). The RSI is currently below the 50.0 level, indicating that the bears are in control ...
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September 01, 2023

Shiba Inu (SHIBUSD) Plunges Lower As Price Flips Bearish From An Overbought Region

SHIBUSD Analysis: Market Plunges Lower As Price Flips Bearish From An Overbought Region SHIBUSD plunges lower as the price goes bearish from an overbought region. Following the bearish divergence that was revealed by the RSI (Relative Strength Index), SHIBUSD crashed massively to the downside. The ...
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August 26, 2023

Shiba Inu (SHIBUSD) Recovers from Discount Zone as Bearish Momentum Subsides

SHIBUSD Analysis: Market Retraces From The Discount Zone As The Bearish Momentum Decreases SHIBUSD retraces from the discount zone as the bearish momentum decreases. The ceaseless crash into the discount zone led to a decline in selling momentum. This was a result of the bulls’ presence as th...
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August 18, 2023

Shiba Inu (SHIBUSD) Crashes As The Price Leaves The Overbought State

SHIBUSD Analysis: Market Crashes As The Price Leaves The Overbought State SHIBUSD crashes as the price leaves the overbought state. According to the RSI (Relative Strength Index), the market was in an overbought state as prices rose beyond $0.00001050. As a result of the selling pressure at the pre...
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August 11, 2023

Shiba Inu (SHIBUSD) Resumes Its Bullish Trend After A Short-Term Retracement To $0.00000880

SHIBUSD Analysis: The Market Resumes Its Bullish Trend After A Short-Term Retracement To $0.00000880 SHIBUSD resumes its bullish trend after a short-term retracement to the $0.00000880 price level. The overall bullish trend began after the MSS (Market Structure Shift) to the upside. Following the m...
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August 04, 2023

Shiba Inu (SHIBUSD) Retraces Along Rising Trendline from Oversold Region

SHIBUSD Analysis – Market Retraces Upward Alongside The Rising Trendline From The Oversold Region SHIBUSD retraces upward alongside the rising trendline from the oversold region. In June 2023, the Relative Strength Index (RSI) indicated the likelihood of an upward retracement. SHIBUSD heads u...
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July 28, 2023

Shiba Inu (SHIBUSD) Sets To Resume Its Downtrend As Price Meets Major Resistance

SHIBUSD Analysis: The Market Sets To Resume Its Downtrend As Price Meets Major Resistance SHIBUSD is set to resume its downtrend as the price meets major resistance. The diagonal resistance has been resisting the upward price flow since February 2023. As it appears, the downtrend is likely to conti...
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July 20, 2023

Shiba Inu (SHIBUSD) Resumes Its Downtrend As Price Forms A Continuation Pattern

SHIBUSD Analysis: The Market resumes its downtrend as the price forms a continuation pattern SHIBUSD resumes its downtrend as the price forms a continuation pattern. The last time a continuation formed was between March and May. Following the end of the continuation pattern, the price broke downwar...
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July 14, 2023

Shiba Inu (SHIBUSD) Consolidates Below Major Trendline as MACD Turns Bullish

SHIBUSD Analysis: Price Consolidates Below The Major Trendline As The MACD Flips Bullish SHIBUSD consolidates below the major trendline as the MACD flips bullish. The recent return of the MACD (Moving Average Convergence Divergence) indicator from the downside to the zero line reveals the presence ...
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