SHIBUSD Hidden Bullish Divergence on the 4H Chart

Hidden bullish divergence exists for SHIBA INU on the 4 hour chart. This is indicated by a higher low on the price chart while the RSI shows a lower low. This setup typically results in an increase in price. Of course, there are no guarantees, but I have observed this to be the case most of the time. If the price does move higher and the RSI crosses above the 50 line, the price could get back to the resistance level a around .00002940.

SHIBA INU is still in a bull flag formation on the weekly chart. A significant break above .00002940 resistance could drive the price to the .00003200 to .00003500 range. It should be fun to watch.