Shiba Inu Price Prediction Today, October 19: SHIB Trend Down

SHIB is Bearish, Targeting $0.0000088

SHIBUSD Price Analysis – October 21st

Further momentum from the sellers could break the $0.0000095 support level, leaving the SHIB exposed to the $0.0000088 and $0.0000076 levels. If buyers gain momentum, a reversal towards the $0.000010, $0.000011, and $0.000012 resistance levels is likely.

Key level:

Resistance levels: $0.000010, $0.000011, $0.000012

Support levels: $0.0000095, $0.0000088, $0.0000076

SHIBUSD Long-Term Trend: Bearish

On the daily chart, SHIBUSD is making a bearish move. Sellers have dominated the SHIB market since the formation of a bearish chart pattern called Head and Shoulders. Last week, the coin was consolidating near $0.000010. The seller is under more pressure and the price is falling towards his $0.0000095 support level. Crypto is about to complete the formation of a formed bearish chart pattern.

SHIB is trading below the two EMAs as a sign of bearish action. The fast moving average (9-period EMA) crosses the downside of the slow moving average (21-period EMA). Further momentum from sellers could break the $0.0000095 support level, leaving the price exposed to the $0.0000088 and $0.0000076 levels. If buyers gain momentum, a reversal towards the $0.000010, $0.000011, and $0.000012 resistance levels is likely.

SHIBUSD Mid-Term Trend: Bearish

SHIBUSD is bearish on the 4-hour chart. Seller pressure is increasing and prices are dropping accordingly. The $0.0000095 support level is being tested and a fall is possible. Increased pressure from sellers could push the price below the $0.0000095 level.

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The coin is trading under a 21-period EMA and a 9-period EMA. The fast-moving EMA has broken above the downtrend of the slow-moving EMA. This indicates that sellers are gaining momentum in the Shiba Inu market. The Relative Strength Index period 14 is at the 33 level and the signal line shows a sell signal.