If they manage to do that, the pair could drop to the psychological level at $100.
HIB/USDTSHIBA INU (SHIB) climbed back above the breakdown level at $0.000040 on Nov. 29. This may have trapped the bears who rushed to cover their short positions. This pushed the price to $0.000054 on Nov. 30 but the long wick on the candlestick indicates a lack of demand at higher levels. SHIB/USDT daily chart. Source: TradingView The 20-day EMA ($0.000045) has flattened out and the RSI is near the midpoint, indicating a possible range-bound action in the short term. The SHIB/USDT pair coul...
If they manage to do that, the pair could drop to the psychological level at $100.
HIB/USDTSHIBA INU (SHIB) climbed back above the breakdown level at $0.000040 on Nov. 29. This may have trapped the bears who rushed to cover their short positions. This pushed the price to $0.000054 on Nov. 30 but the long wick on the candlestick indicates a lack of demand at higher levels. SHIB/USDT daily chart. Source: TradingView The 20-day EMA ($0.000045) has flattened out and the RSI is near the midpoint, indicating a possible range-bound action in the short term. The SHIB/USDT pair coul...
This bearish view will be negated if the price breaks
Related: Online electronics shop Newegg to accept Shiba Inu crypto during holidaysDOGE/USDTThe long wick on Dogecoin’s (DOGE) candlestick of the past two days shows that bears are defending the 20-day EMA ($0.22). This indicates that sentiment remains negative and traders are selling on rallies. DOGE/USDT daily chart. Source: TradingView The bears will now try to pull the price to $0.19. A break and close below this support could result in a drop to the critical level at $0.15. The downslopin...
This bearish view will be negated if the price breaks
Related: Online electronics shop Newegg to accept Shiba Inu crypto during holidaysDOGE/USDTThe long wick on Dogecoin’s (DOGE) candlestick of the past two days shows that bears are defending the 20-day EMA ($0.22). This indicates that sentiment remains negative and traders are selling on rallies. DOGE/USDT daily chart. Source: TradingView The bears will now try to pull the price to $0.19. A break and close below this support could result in a drop to the critical level at $0.15. The downslopin...
Ripple's (XRP) rebound off the strong support at $0.85
Ripple's (XRP) rebound off the strong support at $0.85 is facing resistance at the 20-day EMA ($1.04) as seen from the long wick on the Nov. 30 candlestick. A minor positive is that bulls are not giving up much ground. XRP/USDT daily chart. Source: TradingView If the price clings close to the psychological level at $1, the bulls will make one more attempt to clear the overhead barrier. A break and close above the moving averages may signal that the XRP/USDT pair could remain stuck betwee...
Ripple's (XRP) rebound off the strong support at $0.85
Ripple's (XRP) rebound off the strong support at $0.85 is facing resistance at the 20-day EMA ($1.04) as seen from the long wick on the Nov. 30 candlestick. A minor positive is that bulls are not giving up much ground. XRP/USDT daily chart. Source: TradingView If the price clings close to the psychological level at $1, the bulls will make one more attempt to clear the overhead barrier. A break and close above the moving averages may signal that the XRP/USDT pair could remain stuck betwee...
Solana (SOL) rose above the 20-day EMA ($213) on Nov
SOL/USDT daily chart. Source: TradingView A breakout and close above the triangle will indicate that the uncertainty among the bulls and the bears has resolved to the upside. The SOL/USDT pair could first rally to $240 and then retest the all-time high at $259.90. The pattern target of this setup is $310.96. If bulls fail to sustain the price above the resistance line, it will indicate that bears continue to sell on rallies. The bears will have to sink and sustain the price below the triangle...
Solana (SOL) rose above the 20-day EMA ($213) on Nov
SOL/USDT daily chart. Source: TradingView A breakout and close above the triangle will indicate that the uncertainty among the bulls and the bears has resolved to the upside. The SOL/USDT pair could first rally to $240 and then retest the all-time high at $259.90. The pattern target of this setup is $310.96. If bulls fail to sustain the price above the resistance line, it will indicate that bears continue to sell on rallies. The bears will have to sink and sustain the price below the triangle...
The ETH/USDT pair could then start its northward
will attempt to sink the pair below the 50-day SMA ($4,289). If they do that, the pair could decline to $4,000.BNB/USDTBinance Coin (BNB) once again bounced off the 20-day EMA ($602) on Nov. 30 indicating that sentiment remains positive and traders are accumulating on dips. BNB/USDT daily chart. Source: TradingView The BNB/USDT pair could now rally to the overhead resistance at $669.30. A break and close above this resistance could complete the inverse H&S pattern, which has a target objectiv...
The ETH/USDT pair could then start its northward
will attempt to sink the pair below the 50-day SMA ($4,289). If they do that, the pair could decline to $4,000.BNB/USDTBinance Coin (BNB) once again bounced off the 20-day EMA ($602) on Nov. 30 indicating that sentiment remains positive and traders are accumulating on dips. BNB/USDT daily chart. Source: TradingView The BNB/USDT pair could now rally to the overhead resistance at $669.30. A break and close above this resistance could complete the inverse H&S pattern, which has a target objectiv...
