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Sheba Eno It has made a dramatic decline, which has created what is one of the most prominent falling knife patterns per year. The shadow of the massive candles of The Daily Chart indicates that the market is subject to severe fluctuations, letting investors try to determine the cycle. Usually, this type of configuration can indicate a possible reflection of the prices, but if the momentum does not change quickly, it also expects more declines.
SHIB is currently trading above its lowest level in the latest more than $ 0.000019. The level that was working as support, 0.000020 dollars, is now working as a resistance. The level of $ 0.000017 is the next level of restoration, on the downside, because this is where some buyers may interfere. The $ 0.000015 region may be the final stronghold before another big crash if not a job.
We may see a recovery if SHIB is able to maintain more than $ 0.000019, especially if the volume increases. The next clear goal for bulls is $ 0.000022; If this level is returned to support, the road may pave the way to an increase of about $ 0.000025. Looking at the size of the candle fuse, it seems that buyers have moved quickly, which may be an early indication of accumulation before recovery.
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but, Gray You may move in the direction of support of $ 0.000017 if he cannot keep its location over $ 0.000019. The price will move about 0.000015 dollars or even a decrease if this level is broken, which confirms the additional declining momentum. There is still a lot of sales pressure because the moving averages are currently descending down. The entire situation is more exacerbated due to the lack of a large purchasing power.
The huge candle shadow is an important indicator that may determine the course of Shaib's action. We can witness a great recovery if buyers maintain their momentum. Mimi may face other difficulties, if the negative direction continues. Signs of $ 0.000019 and $ 0.000017 are important levels of investors to see because they will likely specify a short -term SHIB cycle.
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