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1. Current situation:
• Current price: $0.00002438
• EMA:
o 20-day MA: $0.00002228
o 50-day MA: $0.00001970
o 100-day MA: $0.00001762
o 200-day MA: $0.00001651
• Ichimoku cloud:
o First value: $0.00002404
o Second value: $0.00002823
• SAR:
o First value: $0.00003283
o Second value: $0.00003226
• Volumes: 9.64
• OBV: $0.0064733
o Divergence:
OBV is rising (arrow up).
Price is decreasing (arrow down).
This is a bullish divergence, confirming growth potential.
• RSI: 54.75 (neutral zone, but closer to bullish).
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2. Technical patterns and support/resistance levels:
• Breakout of the descending triangle formation:
The price broke the formation, confirming the break of the structure into LONG on the 6-day timeframe.
o This is a bullish pattern.
o Maximum target of the pennant (considering the pole): $0.00008540.
• Support levels (by Fibonacci):
o 0.5: $0.00002315
o 0.62: $0.00002139
o 0.705: $0.00002015
o 0.79: $0.00001890
o 1: $0.00001583
• Resistance levels (by Fibonacci):
o -0.27: $0.00003411
o -0.62: $0.00003953
o -1: $0.00004509
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3. Volume profile:
• Resistances (above the current price):
o Key resistance zones: $0.00002823 and $0.00003046.
• Supports (below the current price):
o Key support zones: $0.00002139 and $0.00001866.
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4. Scenarios of events:
Long scenario (70% probability):
• Conditions:
o Price is holding above the level $0.00002139.
o RSI continues to rise, remaining above 50.
o OBV confirms further growth.
• Entry points:
o $0.00002315–$0.00002139 (buy on pullback).
• Targets:
o $0.00003046 (first target).
o $0.00003411 (second target).
o $0.00003953–$0.00004509 (long-term target).
• Stop-loss:
o Below $0.00002015 (Fibonacci 0.705).
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Short scenario (30% probability):
• Conditions:
o Price breaks and consolidates below $0.00002015.
o RSI falls below 50, OBV loses positive momentum.
• Entry points:
o $0.00002139–$0.00002015 (entry on retest of support).
• Targets:
o $0.00001890 (first target).
o $0.00001583 (second target).
o $0.00000679 (expansion 1.618 by Fibonacci).
• Stop-loss:
o Above $0.00002315.
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5. Efficiency ratio:
• Long scenario: 70%
• Short scenario: 30%
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6. Conclusion:
The current structure confirms high growth potential based on the break of the structure into long and bullish divergence. The price is at an important support zone ($0.00002315–$0.00002139), making current levels attractive for long entry. Targets are set up to $0.00004509 and above. Short should only be considered on a break below $0.00002015. LINK #SHIB
