Shiba Inu (SHIB) Paints Higher Level: Details, XRP Golden Cross Secured, Bitcoin (BTC) Paints Hidden Pattern

Shiba Inu (SHIB) Paints Higher Level: Details, XRP Golden Cross Secured, Bitcoin (BTC) Paints Hidden Pattern

Shiba Inu hits a higher high on the charts, indicating a possible reversal in investor sentiment and market dynamics. After a period of consolidation, SHIB has broken above previous resistance levels.

Content
Advertisement

Shiba Inu hits a higher high on the charts, indicating a possible reversal in investor sentiment and market dynamics. After a period of consolidation, SHIB has broken above previous resistance levels.

SHIB price has broken through a critical resistance level, now making it a support that traders should keep an eye on. This new support sits around the $0.000022 mark. If SHIB price pulls back, this level could play a crucial role in sustaining the current bullish momentum. On the other hand, resistance lies near the $0.000028 level, breaking which could pave the way for further gains.

SHIBUSDT
SHIB/USDT chart by TradingView

Shiba Inu has recently reached a new level, which is quite important. This shows that people are willing to buy more even when prices drop, suggesting that they believe in a reversal for the foreseeable future. Prior to this, SHIB’s price was consolidating, so this upward move has made those who like SHIB hopeful that its value can continue to rise.

XRP secures the golden cross

XRP has unexpectedly secured the formation of the golden cross. This occurs when a shorter-term moving average crosses a longer-term moving average, typically indicating potential for significant price increases.

The daily price chart has shown the 50-day moving average surpassing the 200-day moving average, a sign of substantial growth. The golden cross could potentially lead to an uptrend as it may attract more buying pressure.

Related
Is the bull attack over? Bitcoin Price Trapped Inside Bearish Channel

The recent drop to the support level around $0.50 was met with a strong buyback, pushing the price to a higher high. As another higher high is painted, XRP could finally enter a prolonged uptrend and reverse for good.

In terms of growth scenarios, XRP could test and possibly surpass the aforementioned resistance level. This would open the way to $0.70, and consolidation around that price level would become the basis for growth towards $1.

While the formation of the golden cross has historically been a reliable indicator of growth, it is not a guaranteed predictor of future price movements.

The Hidden Bitcoin Pattern

Bitcoin gives us something to talk about as the charts hint at a hidden pattern that could mean good news for investors. An inverted head and shoulders pattern has formed on the four-hour chart, which is often considered a positive sign.

If we look closely at the numbers, Bitcoin has shown us a bottom, known as a “head,” at around $62,430, which is a key level for Bitcoin. After that, it rose and fell again to form the “shoulders” at around $68,000, but not as low as the head. This is important because it shows that Bitcoin does not want to go down from that main level.

Related
This Solana (SOL) Meme Coin Destroys Wallets: Details

The exciting thing is that Bitcoin is now going up, reaching what we call a “higher high.” The price to watch is $64,433, because if Bitcoin can surpass this point and stay there, it could herald the start of a major bullish move.

If we imagine the future for a moment, one growth scenario would be for Bitcoin to surpass that $68,000 level. If it can stay above that, the next stop could be towards $69,000, which would be a new challenge for Bitcoin to overcome.

But remember, Bitcoin can be unpredictable, especially after a severe correction like the last one we saw on the chart. The unexpected drop to $70,000 clearly became a reason for speculation about the future of this rally and the potential that digital gold can show in 2024. Recently, top analysts at Bernstein set the target price level for Bitcoin at $90,000 by the end of the year. year.

Leave a Reply

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

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
follow telegram
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة