Based on the 1-hour (1H) candle analysis, Shiba Inu ($SHIB ) shows a strong bullish inclination with a confidence level of 70%.
🎯 Target and Recommendation
Target Price (TP): $0.00000866
Recommendation: BUY! ✅
Risk/Reward: 1.09:1
🔍 Key Technical Signals Detected $SHIB
The bullish trend is driven by strong technical indicators:
Inverse Head and Shoulders Pattern (HCHi): Confirmation of a major trend reversal.
Bullish Moving Average Crossover: The exponential moving average EMA(20) crossed above the EMA(50), a sign of positive momentum.
Breakout Volume: The current large trading volume (6,590,314,272) is validating the detected HCHi pattern.
📈 Levels to Watch $SHIB
It is crucial to monitor these key points:
Immediate Resistance: $0.00000859 (The price must break this level to reach the target).
Key Support: Staying above $0.00000821 and $0.00000806 is vital for the upward trend.
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