Shiba Inu Coin – Daily Tech Analysis – November 29th, 2021

Shiba Inu Coin

Shiba Inu Coin fell by 0.20% on Sunday. Reversing a 1.42% gain from Saturday, Shiba Inu Coin ended the week down by 11.30% to $0.00003915.

A mixed start to the day saw Shiba Inu Coin slide to an early morning low $0.0000365 before making a move.

Shiba Inu Coin fell through the 62% FIB of $0.000037 and the first major support level at $0.0000368 before a move back through to $0.000038 levels.

A 2^nd sell-off, however, saw Shiba Inu Coin slide to a late afternoon intraday low $0.00003625.

Shiba Inu Coin fell back through the 62% FIB of $0.000037 and the first major support level at $0.0000368.

Late in the day, however, Shiba Inu Coin rallied to an intraday high $0.00003958. Falling well short of the first major resistance level at $0.0000417, however, Shiba Inu Coin fell back to sub-$0.0000395 and into the red.

At the time of writing, Shiba Inu Coin was up by 1.48% to $0.00003973. A mixed start to the day saw Shiba Inu Coin fall to an early morning low $0.00003892 before rising to a high $0.00004044.

Shiba Inu Coin tested the first major resistance level at $0.0000404 early on.

For the day ahead

Shiba Inu Coin would need to avoid the $0.0000383 pivot to bring the first major resistance level at $0.0000404 back into play.

Support from the broader market would be needed, however, for Shiba Inu Coin to break back through to $0.0000400 levels.

Barring another extended crypto rally, the first major resistance level would likely cap the upside

In the event of an extended breakout, Shiba Inu Coin could test the second major resistance level at $0.0000417

A fall through the $0.0000383 pivot would bring the first major support level at $0.0000371 and the 62% FIB of $0.000037 into play.

Barring another extended sell-off, however, Shiba Inu Coin should avoid sub-$0.000035 levels. The second major support level at $0.0000350 should limit the downside.

For the bears, a sustained fall through the 62% FIB of $0.000037 would form a near-term bearish trend.

Looking at the Technical Indicators

First Major Support Level: $0.0000371

Pivot Level: $0.00003831

First Major Resistance Level: $0.0000404

23.6% FIB Retracement Level: $0.00006987

38.2% FIB Retracement Level: $0.00005680

62% FIB Retracement Level: $0.00003700

This article was originally posted on FX Empire

More From FXEMPIRE:

• Eurozone Member State Inflation and FED Chair Powell Put the EUR and USD in Focus

• After the Bull Run: Is Another Seismic Bitcoin Crash on the Horizon?

• AUD/USD Forex Technical Analysis – Likely to Plunge to .6991 if .7106 is Taken Out With Heavy Selling Volume

• Shiba Inu Coin – Daily Tech Analysis – November 29th, 2021

• The Crypto Daily – Movers and Shakers – November 29th, 2021

• USD/JPY Forex Technical Analysis – Buyers Like 113.173 – 112.619, Sellers Like 114.287 – 114.578