Shiba inu (shib) finally failed to penetrate the most important price, us $0.000055 on Saturday, November 13, 2021 at 20:54 p.m. Technically, it defines the bearish scenario, when again the price is over 40 percent from ath. Super trend indicators have been generating sales signals since November 3rd, 2021 on a four-hour chart. Per Saturday night, the price of shiba inu (shib) did appear to have faded 2 percent in the last 24 hours and traded in the range of us $0.00005140.
Shiba, mother of bullish, if only at this price. If the shib is able to transcend its $0.000055 resistant it will ensure bullish shiba inu. If it had happened otherwise, then bearish's scenario would have been bold.
On Saturday, November 13, 2021 at 20:54 wib, the price of shiba inu fell 2 percent in the last 24 hours for trading in the red zone at us $0.00005140.
The volume of daily trade in the shib has declined over the price and is currently at us $2,379,346,807, after a fall of 52.14 percent over the last 24 hours.
The market capitalization of shiba inu has dropped 2 percent of the us $28.140,426,224 during the same time span shib slid into 11th grade. All of these are signs of bearish that indicate current price correction.
Shiba has dropped 42 percent of its all-time high (ath) on October 28, 2021 at us $0.00008932 to current prices at around us $0.00008932.
The price action has created a downward alignment on a four-hour chart at the price of the shiba inu is continuously under by the price channel's upper limit. Shib faces direct resistance from a us level of $0.00005510 where simple moving average 50 coincides with the price channel's upper limit. If this be a support to shib, then it is imperative that this be bullish.
The bullish penetration will show up when shib manages to counter the resistance posed by high school 10 in the u.s. $00006099. After that ath at us $0.00008932 will be the next logical step. Failure to penetrate an increase over us $0.000055 would mean a continuation of current price action. Therefore, closing below psychological level of us $0.000050 can cause the shib to fall to mark the middle limit of the graph pattern in effect at us $0.00004225.
If this level of support fails to last, shib could further down and reach a graphic pattern target in effect at us $0.00002926, a 43 percent drop of the price on Saturday night, us $0.00005140.
Declining movements and declining trade volumes validate bearish's views. Furthermore, the downward movement from cumulstrength (rsi) indicators leading to oversold zones suggests that the bears currently control the price of shib, valifying bearish narratives.
Furthermore, the downward movement from cumulstrength (rsi) indicators leading to oversold zones suggests that the bears currently control the price of shib, valifying bearish narratives.
Note that as long as the supettrends stay above the price of shiba inu, the momentum of bearish will continue. [ps]
Resources by https://blockchainmedia.id/shiba-inu-shib-gagal-di-atas-us0000055-bearish-akan-melanda/
Publish on November's 14 2021
