SHIBUSDT to bounce from weekly support towards 0.00001095

2023年3月9日

SHIBUSDT has hit the daily support. However, the weekly support is also sitting very close under this current daily support. A possibility to visit the weekly support level cannot be ignored. I will expect a bounce towards the 4h resistance level around 0.00001095. By the way, if patient, price hitting weekly support will give a better long opportunity.

2023年3月10日

ノート

The price has dipped below the weekly support which is not a good sign. However, the weekly candle still has two days to close and I believe there is a higher probability that the price will close above or at least inside this weekly support zone. After breaking down from weekly support price was consolidating under this support zone and now have moved upward and trading inside that weekly support zone.

2023年3月12日

ノート

The price finally managed to trade above the weekly support zone and quite likely to close above this zone on weekly basis. After that the price shall aim for the next resistance zone which is daily resistance 1.

2023年3月13日

トレード終了: 利益確定目標に到達

The price finally has reached to our target. That resistance area is daily resistance and closing the position here makes sense after almost 10% profit. We will evaluate further where we go from here in a next post.

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