Shiba Inu (SHIB) is currently trading at $0.00001166. This price reflects a sharp decline from $0.00001541 on March 10, aligning with a broader cryptocurrency market downturn that saw the total market capitalization drop by 4.4% over the past 24 hours. SHIB’s current price sits below its 50-day SMA ($0.00001647) and 200-day SMA ($0.00001939), signaling a bearish trend in the medium to long term. Recent social media posts on X note a significant token burn rate, with over 15 million SHIB burned in the last 24 hours, reducing supply, a factor that could bolster the price over time. However, for the short-term 1-hour timeframe, volatility and market sentiment are driving the action. Technical Indicators and Key Levels On the 1-hour chart, SHIB is testing a key support zone around $0.00001100, with additional support levels at $0.00001051 and $0.00001001 if the downward pressure continues. The price is likely below short-term moving averages (e.g., 20-period or 50-period), reinforcing the bearish momentum in this timeframe. The Relative Strength Index (RSI) was recently reported at 31.80, hovering near oversold territory (below 30), which could suggest a potential bounce if buying interest picks up. On the upside, resistance levels to watch include $0.00001278, $0.00001403, and the recent high of $0.00001541. Breaking these levels would require a shift in market dynamics, likely accompanied by a surge in trading volume. Potential Scenarios and Trading Considerations Two primary scenarios emerge for SHIB on the 1-hour chart. Bullish Case: If the price holds above $0.00001100 and attracts buyers, it could rally toward $0.00001278 or even $0.00001403, especially if volume increases on upward moves. However, the broader market’s bearish sentiment might limit gains, so any recovery could be short-lived. Bearish Case: If selling pressure breaks $0.00001100, SHIB could slide toward $0.00001051 or $0.00001001, particularly if high volume confirms the downtrend. The recent token burns add a positive long-term narrative, but their impact is unlikely to dominate this short timeframe. Traders should also monitor broader market catalysts—such as shifts in crypto sentiment, that could influence SHIB’s next move. Final Tips In this volatile setup, timing is critical. Watch the $0.00001100 support closely, a hold or break here will dictate the short-term direction. Look for volume spikes to confirm any breakout above $0.00001278 or breakdown below $0.00001100. Given the market-wide downturn, risk management is essential, use tight stop-losses and avoid chasing momentum without confirmation. Stay alert for news or whale activity that could jolt the price, and let the chart guide your decisions. Potential Price Movements Bullish Scenario: A move above $0.00001278 could target $0.00001403. Bearish Scenario: A drop below $0.00001100 may test $0.00001051 or lower. Note: Volume confirmation is key, watch for spikes to validate price action.
The chart contains multiple technical patterns, indicating a bearish market structure. Here are the key patterns identified: 1. *Rising Wedge* – This is a bearish reversal pattern where price moves upward within a narrowing range before breaking down. It suggests weakening bullish momentum and potential selling pressure. 2. *Double Top* – A classic reversal pattern that signals a potential trend change from bullish to bearish. The price reaches a resistance level twice but fails to break higher, leading to a decline. 3. *Break of Structure (BOS) & Change of Character (CHOCH)* – These confirm a market shift from bullish to bearish. BOS signals trend continuation, while CHOCH indicates potential reversals. 4. *Fair Value Gap (FVG)* – This is an imbalance in price action, where price might retrace before continuing downward. 5. *Support Area & Liquidity Zone (LQD)* – The price is expected to target these areas, possibly finding support or continuing the downtrend. # Conclusion: - The chart suggests a bearish outlook following the breakdown of the *rising wedge* and *double top*. - If the price retraces to the *FVG*, it could offer a short-selling opportunity before continuing lower toward the support area. Would you like help identifying possible trade setups based on this structure? Write in comment section.
BTC/USDT (15-Min) Analysis - Potential Short Setup 1. Market Structure & Key Zones: Downtrend: Price has been making lower highs and lower lows—indicating a bearish trend. Green Resistance Zone (~$81,800 - $82,500): Price previously broke down from this level. Now acting as a supply zone (potential resistance). If price re-tests and fails here, it confirms a short opportunity. Blue Support Level (~$80,400 - $80,600): This level has been tested multiple times as a temporary support. A breakdown here would confirm continuation to the downside. 2. Volume & RSI Indicators: Volume Profile: Increased sell-side volume at resistance indicates distribution. RSI (53.22, declining): No overbought conditions. A potential bearish divergence if price rejects at resistance while RSI weakens. 3. Trade Setup (Short Position - SFP Trap) Entry Zone: $81,800 - $82,500 (watch for wick rejections). Stop-Loss: Above $82,800 - $83,000 (invalidates bearish structure). Take-Profit Targets: TP1: $80,400 - $80,600 (previous support). TP2: $79,500 (lower liquidity zone). TP3: $78,000 (strong demand). Risk-Reward Ratio (RRR): Aim for 1:3 or higher. 4. Confirmation Needed Before Entry: ✅ Bearish candlestick rejection (SFP, Engulfing, Pin Bar). ✅ Increased sell volume near resistance. ✅ RSI divergence or failure to break resistance. Conclusion: High-probability short setup if price rejects resistance. Break below $80,400 confirms continuation down. If price breaks above $83,000, bullish invalidation.
Gold prices XAUUSD held above $2,880 after falling nearly 1% on Monday. US President Donald Trump said over the weekend that the US economy could get worse before it gets better and that he was adjusting trade policy through tariffs, fueling market concerns about a possible economic recession. As the broader financial markets fall sharply, investors may sell gold to cover losses in other assets, causing gold prices to fall in the short term. So far this year, gold prices have risen 10% and hit a new high. The rally has been fueled by uncertainty surrounding the Trump administration’s policies, central bank gold buying and expectations that the Federal Reserve could cut interest rates further. Lower borrowing costs typically benefit non-yielding assets like gold. While rising gold prices have dented physical demand in some major Asian economies, inflows into gold ETFs have remained steady. Holdings of gold ETFs hit their highest since December 2023 as of last week, according to data compiled by Bloomberg. Investors had begun to reduce their exposure to gold ahead of Monday’s sharp market sell-off. Hedge funds’ long gold positions fell to their lowest in nine weeks, according to the latest data from the U.S. Commodity Futures Trading Commission (CFTC). While this correction appears to be broad-based, the underlying forces will still be a solid support for gold's upside potential, from the geopolitical landscape to Trump's policies creating global trade conflicts to expectations of Fed rate cuts. Overall, gold still has a lot of support. Markets focus on US inflation data and Fed policy expectations Investors are now focused on upcoming US inflation data to gauge whether the Federal Reserve will cut interest rates further: US consumer price index (CPI) – due on Wednesday US producer price index (PPI) – due on Thursday Traders are now fully pricing in the possibility of a rate cut by the Federal Reserve in June. Federal Reserve Chairman Jerome Powell said on Friday that it remains to be seen whether the Trump administration’s tariff policies will lead to higher inflation. In general, falling interest rates increase the appeal of gold because it is a non-interest-bearing asset, making it cheaper to hold than other assets. Gold Price Technical Outlook Analysis XAUUSD On the daily chart, after gold fell to the support level noted by readers in the previous issue at 2,880 USD, it received support to recover, currently trading around 2,900 USD. A break above the 2,900 USD price level would be considered a positive signal with the next target being the EMA21 area, followed by 2,929 USD rather than 2,942 USD. In the short term, gold has not yet shown a specific trend as it enters the accumulation phase, which is depicted by the 2 green trend lines. But in the medium and long term, the possibility of price increase is still very good when in terms of momentum, the Relative Strength Index RSI remains above 50. During the day, gold is in the accumulation phase with the main trend leaning towards price increase, the notable positions will be listed as follows. Support: 2,880 – 2,868USD Resistance: 2,900 – 2,929 – 2,942USD
Seeing how price action is weakening over time I could say that bears are looking to take over Would like to see buyers pushup to local resistance to only selloff once again as we head towards $30 in which we will see a pullback trigger occur. When the time is right we'll asses price action again to see if we get a straight drop or a full retracement back to ~40.
After 7 years of rising political tension, grassroots chaos, turmoil, war, viral zombie apocalypse, massive East-West cultural shift, digital gambling combatted with unprecedented money printing, political finger pointing and social bipolorization, and an almost unshakable popular belief in optimism and the rise of AI and technology to "fix" the fundamental problem of the human heart, ignoring those already flattened by inflation, it took the return of the flamboyant golden boy to finally bring an end to the delusion. I never imagined it would last so long. The Great Bear I'm not even confident it has truly returned. Yet this signal strongly suggests so. I was one of those bears obliterated over these seven years. Still, I believe few will really see it coming when it does arrive. The P/C ratio at a measly 0.8 backs this statement. Warning to the bulls. Courage to those bears still around. This is not a short term analysis or trading advice. It is a long term narrative about the human psyche based on technical analysis.
With seller exhaustion possibly setting in, TIA is shaping up for a double bottom formation. If price deviates from launch levels and confirms a market structure shift, we could see a strong upside move. ? Trade Details: Entry: Around $4.00 Take Profit Targets: $5.50 (First TP - Key Resistance Zone) $7.10 (Second TP - Breakout Level) $9.00 (Third TP - Full Expansion Target) Stop Loss: Below $3.00 Keeping an eye on volume confirmation and resistance reclaim before full conviction. ?
Impulse Wave (1-5)- , the chart shows a completed five-wave impulse structure (marked in pink). Wave 1 starts an upward rally. Wave 2 is a corrective pullback. Wave 3 is the strongest upward leg. Wave 4 consolidates before the final rally. Wave 5 completes the impulse move. Corrective Wave (ABC) A three-wave correction (ABC) has started after the impulse wave. Wave A initiated the first leg of the drop. Wave B provided a short-term retracement. Wave C is expected to extend downward, completing the correction. Negative Divergence Confirmation The Awesome oscillator shows negative divergence, indicating momentum loss before the correction. This confirms that the strong upward trend had weakened. Key Support & Resistance Levels 2800 Level: Crucial support zone—if broken, further downside is likely. 38.2% Fibonacci Retracement (~2800): Initial support level. 61.8% Fibonacci (~2725): A deeper correction could test this level. Further downside target: 2600-2500, if selling accelerates. Trading Plan & Considerations Bullish Case: If Gold holds above 2800 and breaks recent highs, the uptrend may continue. Bearish Case: If Gold breaks below 2800, expect further decline towards 2725-2600. Volume Analysis: Increasing red volume suggests strong selling pressure. Disclaimer ⚠️ This analysis is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or trade execution strategies. Trading involves significant risk, and you should conduct your own research or consult a financial advisor before making any decisions. Past performance does not guarantee future results. Trade at your own risk.
XRP is currently trading at $2.095, reflecting a volatile period for the cryptocurrency amidst a broader market downturn. The crypto market has faced significant challenges recently, with the total market capitalization dropping by 4.4% in the past 24 hours, and major altcoins like Bitcoin, Ethereum, and Solana also experiencing declines. For XRP specifically, recent price action has been a rollercoaster: it surged by an impressive 34.21% on March 2, only to be followed by two sharp corrections that erased those gains and pushed the price below its early March levels. This volatility sets the stage for a cautious approach on the 1-hour timeframe, as XRP navigates both its own dynamics and the broader market's bearish sentiment. Technical Indicators and Key Levels From a technical perspective, the short-term trend on the 1-hour chart leans bearish, with the price positioned below the 50-day moving average, indicating weakening momentum. The local support level to watch is $2.0872, just below the current price, which has acted as a near-term floor in recent hours. Should this support fail, the next significant levels are $2.00 and $1.90, where stronger buying interest might emerge based on historical price action. On the upside, immediate resistance lies between $2.10 and $2.15, a zone that has capped recent recovery attempts. A break above this could pave the way for a test of $2.20, though the broader market pressure suggests that any upward move might lack the strength for a sustained rally without a notable shift in sentiment or volume. Potential Scenarios and Trading Considerations Traders should consider two primary scenarios on this 1-hour chart. If the $2.0872 support holds firm, XRP could enter a phase of consolidation or stage a minor bounce toward the $2.10-$2.15 resistance zone, potentially offering a scalping opportunity for nimble traders. Conversely, a break below $2.0872 could accelerate selling pressure, targeting $2.00 or even $1.90, especially if accompanied by rising volume, which would confirm bearish conviction. Volume is a critical factor to monitor here: an uptick on downward moves signals stronger selling, while a surge on upward moves could hint at a reversal. Given the market's current state, downside risks appear more pronounced, but a sudden catalyst, like positive news on the ongoing SEC lawsuit against Ripple, could flip the script. Broader Context and Final Tips The bigger picture adds nuance to this 1-hour analysis. XRP’s longer-term trends, such as the falling 200-day moving average since March 7, reinforce a cautious outlook, while the unresolved SEC lawsuit remains a wildcard that could spark volatility at any moment. For now, the focus is on these near-term levels and volume cues. Traders should stay alert for external triggers, like upcoming US CPI data or market-wide shifts, that could sway XRP’s direction. Keep your stops tight, watch the $2.0872 support closely, and be ready to act if volume confirms a breakout or breakdown. This setup offers opportunities, but patience and discipline will be key in this choppy market. Key Levels to Watch Immediate Resistance: $2.10 - $2.15 Next Resistance: $2.20 Immediate Support: $2.0872 Next Support: $2.00, $1.90 Potential Price Movements Bullish Scenario: If the price breaks above $2.15, it could rise to $2.20. Bearish Scenario: If the price drops below $2.0872, it might fall to $2.00 or even $1.90. Note: Look for higher trading volume during breakouts or breakdowns to confirm the move’s strength.
Circle, the issuer of USDC, launched an upgrade to its Cross-Chain Transfer Protocol (CCTP) that will cut settlement times from minutes to just seconds.