Hello everyone, let’s take a look at the SHIB to USDT chart over the 4 hour timeframe. As you can see, the price broke above the downtrend line marked in blue.

Let’s start with the support line as you can see, the first support is $ 0.00002617, if the support is broken, the next support is $ 0.00002408 and $ 0.00002088.

Now let’s move on to determining the resistance line and as you can see the first resistance is $ 0.00002795 with which the price is currently struggling, if it manages to break the first resistance, the next one will be around $ 0.00002972, the next one at $ 0.00003213 and $ 0.00003527.

Please pay attention to the CHOP indicator where we can see that at the 4H interval we start to regain energy.