With more than four days in a row of increased momentum, Shayba Eno is gaining a bullish jar as the M -currency continues to gather it in the short term. After a long period of monotheism and decline, the bulls began to confirm hegemony, as shown in the last basic procedure that clearly indicates a shift in market morale. Now, trading between 50 -day and 100 -day moving averages, SHIB has succeeded in breaking it over the important local resistance areas and is currently trading about $ 0.00001444.
Since it puts the original in a technical transitional area that is often considered the battlefield between short -term and medium -term repercussions, this site is very important. SHIB has pushed 0.00001350 to an area that may allow further continuity due to the constant purchase pressure during the past few days.
There may be a crowd towards a zone of 0.00001793-0.00001800 dollars where there is 200 EMA if SHIB is able to break 100 EMA, which is currently approaching 0.00001655 dollars. This would confirm the transformation of the mid -time direction. With the circulation of the RSI (RSI) index currently at about 59 years, it indicates that the bullish momentum is developing but has not yet reached excessive conditions in its arrest, which indicates that the purchase must continue, there is still room for operation.
The volume of the folder increases gradually, which supports the health of the current upward trend. Although it is not explosive, the increasing interest is sufficient to keep things moving up, at least temporarily.
The market is currently awaiting confirmation in the form of a clean interruption above 100 EMA, as the bulls control and the SHIB continues to rise towards its next technical targets. Meme’s symbol may be about to a much larger gathering experience if it happens.
Bitcoin grinding continues
Bitcoin displays strong indicators on strength and gaining momentum steadily and under control. Currently traded about 87,390 dollars, has recorded several low levels in recent weeks, indicating that buyers intervene regularly and boost prices.
Especially fan is the fixed trading volume that coincided with this change. It shows a strong participation and a sophisticated base to support Bitcoin’s rise, despite the fact that it is not explosive. Unlike the fast gatherings that can be reflected quickly, this slow and fixed movement places frequently the basis for long -term exit.
Related
With its current position above $ 89,500, Bitcoin has already regained EMA for 200 days, and it is now approaching decisive technical resistance: EMA for 100 days. The clear collapse beyond this level will be a strong upward confirmation and may pave the way for a short -term re -test from 90,000 to 92,000 dollars.
With the relative strength index hovering comfortably about 52, Bitcoin has a large area for more height before reaching seen lands. This gives more credibility to the idea that the origin is developing towards a more powerful and healthy upward trend. Looking at the structure of the Bitcoin chart from a wider angle, it appears to have become more positive.
The market appears to have been seized after a period of fluctuations and unification earlier in the year. Bitcoin is currently working in an excellent technical position, with an increasing directional line in place, encouraging the growing averages and increased morale.
Possible ETHEREUM reflection
A failed attempt to fracture over the 26 -day SIA moving average (EMA), which is a decisive dynamic resistance that was strangling the price for several weeks, led to a new sale pressure on ETHEREUM.
With ETH trading at about 2095 dollars, it is still less than this critical level, and its failure to recover fears of a possible reflection. ETHEREUM was pushed after every 26 test, which was mainly the roof of the original. Its importance is emphasized again through this last denial, especially in light of the origin that recently began to recover.
Related
Now, if it does not close it, the last bullish momentum may stop or even reversal. EMA is 50 days, which is currently trading approximately $ 2,310, a larger obstacle. For medium ETHEREUM horizons, this level is a moment of making or breaking. The target of $ 2,500 may remain out of time now if ETH is not able to get enough momentum to break it and stay above this level.
However, there is a bright side. ETHEREUM is still higher than the level of decisive psychological support of $ 2000 despite the declining rejection, the size is stable and does not offer any symptoms to sell panic. The RSI is currently in 44 years, indicating that if it is to buy interest returns, there may be an opportunity to reflect.
As a result, Ethereum is in cautious but controlled mode. The narration may change quickly in favor of the bulls if they can reorganize and build enough momentum to cancel the resistance of 26 and 50 EMA.
