Breaking Coin | SHIB Price Analysis for November 5

SHIB Price Analysis for November 5
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Does SHIB have power for further rise?

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The situation has not changed since yesterday as buyers are still holding the initiative on the market.
SHIB/USD The rate of SHIB has increased by 3.55% over the past day.
On the hourly chart, the price of SHIB might have set a local peak at $0.00000832. If the decline continues and the daily bar closes far from that mark, the correction may lead to a test of the support level at $0.00000789 soon.
On the bigger time frame, traders should pay attention to the resistance level formed by the false breakout.
If the candle closes with a long wick, bears might locally seize the initiative, which could lead to a drop to the $0.0000080 zone next week.
A slightly different picture is on the weekly chart. If the bar closes above the previous candle peak, traders are likely to see a further upward move to the next resistance level at $0.00000854. SHIB is trading at $0.00000817 at press time.
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Disclaimer, The information provided on this video does not constitute investment advice,
financial advice, trading advice, for informational purposes only,
you should not treat any of the video's content as such.
Please, consult your financial advisor before making any investment decisions.

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