SHIB Price Hints Symmetrical Triangle Breakout - BitcoinEthereumNews.com
Pinagmulan- Tradingview In early April, the SHIB buyers made several attempts to breach the $0.000022 overhead resistance. However, the multiple higher price rejection candles at the level accentuated their failure and triggered a bearish trend reversal. The new bear cycle sliced through the $0.000025 support and tumbled the SHIB price by 21%. On April 11th, the altcoin witnessed a sudden sell-off where the long bearish candle hit the $0.000022 local support. An ascending support trendline aligned with the $0.00002 level mounted stiff support for coin traders. Moreover, the Shiba Inu listing anouncement on the trading platform Robinhood rebounded the memecoin with a long bullish engulfing candle. We dropped new crypto ???? And were giving away $100K of it. Quote tweet this tweet with your Robinhood Username (@ included!) to get some ???? #RobinhoodCrypto The first 10K quote tweets will receive $10 of SHIB. pic.twitter.com/0jsBKYfJvw - Robinhood (@RobinhoodApp) Abril 12, 2022 A 47% hike in trading volume indicates the buyers commitment to the $0.000025 resistance breakout. However, the coin price needs to escape the symmetrical triangle pattern to confirm a directional rally. Teknikal na tagapagpahiwatig The flattish EMAs(20, 50, 100, and 200) reflect a sideways trend for SHIB price. However, today‘s price jump breached this cluster of EMAs, indicating the buyers’