SHIB looks tempting here

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After breaking through trend resistance, SHIB found new resistance at the 200 EMA. Now it has retraced a bit and is possibly creating a Higher Low at these levels. Combined with what looks to be bullish divergence on both the daily and 4-hour charts, I'm feeling good about the Higher Low holding--and would signal a possible breakthrough of the 200 EMA. I'm interested in taking a small position here.

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٤ يناير ٢٠٢٢

ملاحظة

Correction: SHIB first found resistance at the 50 EMA, was rejected, and is now under the 100 EMA. We are currently *above* the 200 EMA and it is likely to provide support should the Higher Low fail.