Shiba Inu (SHIB) need this now, Bitcoin (BTC) signal is not great, XRP: The first time in history?
Shiba Inu is at another turning point, and the price of the graph price indicates that the original is looking for a spark. SHIB is currently trading slightly lower than the decisive resistance level, which is 26 EMA, after weeks the price decreased with intermittent attempts to recovery. The historical 26 -day moving average has been a major level to determine the momentum of graying.
The sellers regained control and forced the origin to return to a landing direction every time the price approaches this dynamic resistance. 26 EMA has refused to offer prices several times since early June and is currently being traded on the $ 0.00,00119 brand.
The graph confirms that the overall trend is still down by width of a distinct pattern of the highest levels and low declines. In addition, volatility has decreased significantly, which is a sign of a decisive step. However, in the absence of the new purchase pressure, there is a greater chance of hacking is negative. The market has not yet recovered its confidence, as it is clear from the direction of the relative power index in the lower half of the neutral area. At best, the folder is still neutral.
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Trading activity increased significantly, even during recent relief gatherings, which supports the idea that SHIB is facing a problem in generating a steady request. The bulls will not give up the restoration of 26 EMA. SHIB will give the first clear signal in the weeks that the sellers lose the ground and this momentum may change if it can be closed with higher firmness than this moving average.
There is no strong evidence that the distinctive symbol can bear the reflection until this resistance is overcome. In the event that 26 EMA is not broken, traders should closely monitor the market, as this may lead to further decreases in the Shiba Inu prices. Currently, SHIB must overcome this obstacle or risk more decrease.
Bitcoin opportunity
Bitcoin price continues to attract merchants with the possibility of outbreak, but the truth is less convincing. Bitcoin is installed below a distinct descending direction line on the daily chart, which was crowned with each of the last gatherings. Currently, the price ranges between $ 107,000 and 108,000 dollars, with the upper limit as a rebel ceiling.
Initially it seems that Bitcoin is preparing for a large upward movement. The fixed sequence of high decreases and pressure on the trend line indicates increased pressure. However, if you look closely, the image becomes less attractive. Instead of any large flow of fresh capital, the forced short qualifiers were the main driver of this gathering. Instead of structural change in feelings, we just see a tactical position.
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The same thing can be said to the size: it is flat and inspiring. Do not increase the demand that Bitcoin is for real penetration. Until then, the current pressure appears to be more preparation for profit from a long -term height.
What is the Bitcoin plan? Now the market is in complete stopping. Emas support maintains 50 and 100 days on prices, and the structure is still technically sound. However, there is still a lot of space for profits at these levels. The sellers are likely to regain control and return to Bitcoin to a range of $ 100,000 -105,000 if new buyers do not interfere quickly.
This step does not indicate the beginning of the new promoter. In the absence of a size and a greater condemnation of the buyer, this is similar to this pressure instead of a clear outbreak. Caution is recommended until the opposite appears. This signal is weak, and it may be expensive to ignore this fact.
Xrp sleep
XRP moves to an unknown area, not in a good way. About the 2 dollar sign, XRP is locked in an exceptionally narrow side channel for the first time in its trading history. XRP has a history of explosive fluctuations, whether it rises to new horizons or is significantly disrupted. However, even experienced market participants have never witnessed this prolonged recession.
The movement of the price has not moved outside the automatic intermediate averages for 50 days and 100 days, which has installed XRP in the past few weeks. Both indicators of trading and fluctuations have decreased steadily. This depicts a market that seems to be bulls and no bears are ready or able to take a bold step. This lack of participation is worrying.
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If the side unification operations are followed by large gatherings, it may be useful because it gives the markets an opportunity to reassemble their ranks before the subsequent leg. But there was no remarkable upward trend in XRP. This slow behavior instead looks like fatigue. It seems that merchants are no longer convinced that a sharp correction or a bullish interruption on the horizon.
Due to the lack of any large momentum to rely on it, the possibility of an upward step is reduced. This commercial pattern admits from a psychological perspective that neither buyers nor sellers have a convincing story. Institutional flows turned, and retail interests disappeared. Most likely, XRP will continue to grind side so that it can recover the levels above 200 EMA or width in size.
