Hello everyone,
Let’s take a look at the 4H SHIB / USDT chart.
Let’s start by marking the trend line with a blue line.
Now let’s move on to highlighting the support line in purple and we can see that the first support is $ 0.00002240, the next support is $ 0.00002069 and $ 0.00001706.
Now it is worth marking the places of resistance in red. And we can see that the first resistance will come at the $ 0.00002415 level that the SHIB price is currently struggling with, while when it breaks down, another resistance will appear at $ 0.00002630, $ 0.00002795 and $ 0.00002973.
It is worth paying attention to the CHOP indicator , which shows that we have a lot of energy in the 4H interval that can be used in the next move.