• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

ForexSchoolOnline.com

Learn to Trade Forex Online

  • Compare Brokers
    • Broker Type
      • Paypal Brokers
      • Swap-Free Brokers
      • Low Spread Brokers
      • ECN / STP Brokers
      • Market Maker Brokers
      • Non Dealing Desk Brokers
      • Low Minimum Deposit Brokers
    • Country
      • Brokers for Australia
      • Brokers for South Africa
      • Brokers for the UK
      • Brokers for the US
      • Brokers for Nigeria
    • Regulation
      • FCA Regulated Brokers
      • ASIC Regulated Brokers
      • FSCA Regulated Brokers
      • CFTC Regulated Brokers
    • Platform
      • MT4 Brokers
      • MT5 Forex Brokers
    • Strategies
      • Hedging Forex Brokers
      • Scalping Forex Brokers
      • Carry Trade Forex Brokers
      • Brokers for Indicators and EA’s
  • Start Here
    • Start Trading Guide
    • Beginner Trading Lessons
  • Free Forex Course
    • Public Login
    • Register
    • Password recovery
  • Lessons
    • Strategies
    • Videos
    • MT4 Guides
    • Money Management
  • Trade Setups
  • Tools
    • Correct Free Demo Charts
    • Forex Journal Download
    • Position Size Calculator
    • FULL List of Tools
    • Forex Demo Accounts
  • Price Action Guide
  • Free Course

Shiba Inu (SHIBUSD) Price Is Set to Rise Further

Johnathon Fox
05/15/2023 | UPDATED ON: 05/15/2023

Shiba Inu (SHIBUSD) Price Forecast: March 21
The Shiba-Inu price is set to rise further as it is on its way to the critical supply level. The bullish run may likely continue provided the buy investors add more strength to their actions and push the crypto upward. The coin might turn upside further to a $0.000020 high level and beyond.

Key Levels:
Resistance Levels: $0.00001400, $0.00001500, $0.00001600
Support Levels: $0.000010, $0.000009, $0.000008

SHIB (USD) Long-term Trend: Bearish (Daily Chart)
Shiba-Inu price is in a bearish market on the higher time frame at the moment. This is clear as we can see the prices trading below the two EMAs.
Shiba Inu (SHIBUSD) Price Is Set to Rise Further
The bearish pressure at the $0.00000867 support level during yesterday’s session has made the coin stay below the supply trend levels in its recent high.

The bulls actually hit the resistance level of $0.00000878 below the two EMAs as the daily chart resumes today. However, the buy traders could not relent, as they aim to drag the price further to a significant level.

Hence, more upsides are expected as the SHIBUSD market is also pointing up in the oversold region of the daily stochastic; this means that the selling pressure has ended and the bulls are now set to take us higher and in this case, $0.000 20 supply level might be the target soon in the higher time frame.

SHIB (USD) Medium-term Trend: Bullish (4H)
The SHIBUSD pair is having a bullish posture in its medium-term view. The price bar can be seen above the EMA-9. Thus, the trend has just resumed its rising pattern but has not yet reached its goal.
Shiba Inu (SHIBUSD) Price Is Set to Rise Further
Activities from the bulls to the $0.00000886 resistance value in the previous activities have sustained the crypto’s bullishness in recent times.

The bulls made a correction at the $0.00000878 high level above the EMA-9 as the 4-hourly session opens today; this indicates that the bulls are gradually coming into the market to stage a play. Therefore, a bullish breakout of $0.00001171 resistance is needed to obtain a recovery opportunity for Shiba Inu holders.

Meanwhile, a further rise in the market price of SHIBUSD is possible, as the selling pressure has ended. The coin market is now pointing up on the daily stochastic. This means that the price might possibly continue with its upward trend and may likely reach the $0.000020 supply level soon in its medium-term time frame.

Buy Shiba Inu on eToro

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
Previous Post: « Quant (QNTUSD) Will Breakout from the Support, Buy is near!
Next Post: Lucky Block Price Prediction: LBLOCKUSD Price Remains Bullish at the $0.0001704 Resistance Value »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Forex School Online

High Probability Price Action Trading

How to make, manage and take profit from trades in the markets

Start Learning (It's Free!)

Turn Your Trades into Winners!

The Price action course is the in-depth advanced training on assessing, making and managing high probability price action trades.

Sign up for Free!

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

Footer

Get Our FREE Course, Bonus Strategies & Indicators!
X
Join Us Now!

Your capital is at risk.

X

CORNERSTONE LESSONS

Forex Trading for Beginners

Price Action Trading

How to Trade Forex

Technical Analysis

Forex Charts

Forex Trading Strategies

Money Management 

Compare Brokers

Best Forex Brokers

Forex Demo Accounts

Best Forex Trading Platforms

Forex Apps

Swap Fee Accounts

MT4 Brokers

CATEGORIES

Forex Videos

Trading Lessons

Weekly Trade Ideas

Start Here Guide

ForexSchoolOnline.com helps individual traders learn how to trade the Forex market

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

We Introduce people to the world of currency trading. and provide educational content to help them learn how to become profitable traders. we're also a community of traders that support each other on our daily trading journey

Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

Copyright © Forex School Online Sitemap  - Privacy Policy - Disclaimers & Terms of Use - CONTACT US