SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00001037, they continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate the presence of a short-term bearish trend for the coin. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the coin and a potential continuation of the fall from the current levels. As part of the SHIB/USD rate forecast, it is worth considering an attempt to develop a bullish correction in the value of a digital asset and a test of the resistance area near the level of 0.00001145. From where a rebound down is expected again and an attempt to continue the fall of the SHIBA INU cryptocurrency with a potential target below the level of 0.00000705.
SHIBA INU Crypto Forecast July 5, 2022
An additional signal in favor of falling SHIB/USD quotes for tomorrow will be a rebound from the resistance line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the descending channel, as well as from the upper border of the “Head and Shoulders” pattern. Cancellation of the fall option for the SHIBA INU cryptocurrency will be a strong growth and a breakdown of the 0.00001285 area. This will indicate a breakdown of the resistance area and a continuation of the rise in SHIB/USD quotes with a target above the level of 0.00001765. The fall of the cryptocurrency will be confirmed by a breakdown of the support area and closing of quotes below the level of 0.00000905, which will indicate a breakdown of the lower border of the “Head and Shoulders” model.
SHIBA INU Crypto Forecast July 5, 2022 suggests an attempt to develop a correction of the coin and a test of the resistance area near the level of 0.00001145. Then, the continuation of the fall to the area below the level of 0.00000705. An additional signal in favor of the fall of SHIBA INU will be a test of the trend line on the relative strength index (RSI). Cancellation of the downside option will be a strong growth and a breakdown of the area of 0.00001285. This will indicate a continued rise in the cryptocurrency with a target above the level of 0.00001765.
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