{"id":12161,"date":"2022-06-20T07:38:08","date_gmt":"2022-06-20T07:38:08","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12161"},"modified":"2023-05-11T07:44:08","modified_gmt":"2023-05-11T07:44:08","slug":"shibusdt-falling-wedge-forming-a-bottom","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/06\/20\/shibusdt-falling-wedge-forming-a-bottom\/","title":{"rendered":"SHIBUSDT Falling Wedge forming a Bottom"},"content":{"rendered":"

 <\/p>\n

*** ***
\nFor this particular analysis on SHIBA we are using the SHIBUSDT symbol on the Phemex exchange.
\n*** ***<\/strong><\/p>\n

The idea is on the 1D time-frame where Shiba has been trading within a Falling Wedge pattern since the December 24 2021 High. The price has been trading near the pattern’s Lower Lows trend-line since the May 12 Lower Low, being unable to stage a sustainable rebound. The longer it trades near that level, the more likely it is to attract buyers and form a bottom.<\/p>\n

The immediate target is always the 1D MA50 (blue trend-line) and a closing above it takes us to the medium-term 1D MA100 (green trend-line). Only a break above the 1D MA200 (orange trend-line) can justify further buying, in which case we’ll have a long-term bullish reversal into a new Bull Cycle.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/SHIBUSDT\/vg6NPyzB-SHIBUSDT-Falling-Wedge-forming-a-Bottom<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  *** *** For this particular analysis on SHIBA we are using the SHIBUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D time-frame where Shiba has been trading within a Falling Wedge pattern since the December 24 2021 High. The price has been trading near the pattern’s Lower Lows trend-line<\/p>\n","protected":false},"author":611,"featured_media":12162,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1636],"tags":[],"class_list":["post-12161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12161"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12161\/revisions"}],"predecessor-version":[{"id":12165,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12161\/revisions\/12165"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12162"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}