📊 Technical Analysis
● A classic Head and Shoulders pattern has formed below resistance at 0.00001411, confirming a bearish reversal with neckline break.
● Price is descending inside a bearish flag and is testing prior support at 0.00001270, with the next major level near 0.00001088.
💡 Fundamental Analysis
● Risk sentiment weakened after latest FOMC minutes signaled persistent inflation risk, fueling a defensive tilt in crypto.
● Whale outflows from SHIB wallets and declining DEX volumes suggest bearish positioning and fading demand.
✨ Summary
Bearish reversal confirmed below 0.00001411. Break of 0.00001270 opens path to 0.00001088. Watch neckline retests for renewed selling pressure.
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● A classic Head and Shoulders pattern has formed below resistance at 0.00001411, confirming a bearish reversal with neckline break.
● Price is descending inside a bearish flag and is testing prior support at 0.00001270, with the next major level near 0.00001088.
💡 Fundamental Analysis
● Risk sentiment weakened after latest FOMC minutes signaled persistent inflation risk, fueling a defensive tilt in crypto.
● Whale outflows from SHIB wallets and declining DEX volumes suggest bearish positioning and fading demand.
✨ Summary
Bearish reversal confirmed below 0.00001411. Break of 0.00001270 opens path to 0.00001088. Watch neckline retests for renewed selling pressure.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.