SHIBUSD – D1 – THE TREND IS YOUR FRIEND… by Ironman8848 on TradingView.com
WEEKLY :
Fifth consecutive black candle…The 61.8% Fib ret @ 0.00003702 has already been filled with an intraweek low
@ 0.00002915 reached last week.
Global picture does not smell good !!!
Indeed on this time frame the pressure remains to the downside !
DAILY :
In an ongoing downtrend move; below the clouds, the Kijun-Sen, the Mid Bollinger Band and the Tenkan-Sen !
RSI below 50 @ 38.00
Only a recovery above the cluster (0.00004174-0.00004356) would neutralise the ongoing downside risk in that Daily time frame
H4 :
Same picture than for the Daily chart ; watch the downtrend line resistance (in red)
H1
Recovery attempt in this time frame; watch Tenkan-Sen on a 1 hour closing basis. A sucessful upside breakout would be the first signal of a tactical recovery with an upside pretty limited towards Mid Bollinger Band ahead of Kijun-Sen
SELL ON RALLY
Ironman8848
All views expressed on my analysis are my own and do not represent the opinions of any entity, whatsoever with which I have been, I am now or I will be affiliated with. Any action you take upon the information on those analysis is strictly at your own risk and should not be considered as an advisory. The author assumes no responsibility or liability for any errors or omissions in the content of his analysis. The information contained is provided on an «as is» basis, with no guarantees of completeness, accuracy, usefulness or timeliness and without any warranties of any kind whatsoever, express or implied.
Toutes les opinions exprimées dans mes analyses sont les miennes et ne représentent pas les opinions d’une entité, quelle qu’elle soit, avec laquelle j’ai été, je suis ou je serai affilié. Toute action que vous entreprenez sur la base des informations contenues dans ces analyses est strictement à vos propres risques et ne doit pas être considérée comme un conseil. L’auteur n’assume aucune responsabilité pour toute erreur ou omission dans le contenu de ses analyses. Les informations contenues sont fournies “en l’état”, sans garantie d’exhaustivité, d’exactitude, d’utilité ou d’opportunité et sans aucune garantie de quelque nature que ce soit, expresse ou implicite.
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