Bearish MACD cross over on the weekly
SHIB is having a bearish MACD(Chris Moody) crossover on the weekly, when this happens price tends to get bearish, SHIB closed last week with a bearish red candle, and it appears to be consolidating inside a parallel structure there may be price movement to the 0.0000244 area if price does not break the parallel structure and the short term trendline, even though the Stochastic RSI is near the oversold region and there is a bearish MACD crossover the CCI is still positive and SHIB for now is in an uptrend on the Weekly.
If SHIB breaks the short-term trend line, it may fall to the Demand Zone and the main trendline on the chart. Have a nice day be careful.
If SHIB breaks the short-term trend line, it may fall to the Demand Zone and the main trendline on the chart. Have a nice day be careful.
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