{"id":257559,"date":"2022-09-14T13:00:39","date_gmt":"2022-09-14T07:30:39","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=257559"},"modified":"2022-09-14T12:32:46","modified_gmt":"2022-09-14T07:02:46","slug":"shib-traders-may-eventually-need-to-pull-sell-trigger-decoding-why","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/shib-traders-may-eventually-need-to-pull-sell-trigger-decoding-why\/","title":{"rendered":"SHIB traders may eventually need to pull sell trigger- Decoding &#8216;why&#8217;"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Shiba Inu [SHIB]<\/span><span style=\"font-weight: 400;\"> short-term traders and long-term investors may need to be alert after the coin decided to choose stagnancy. <\/span><span style=\"font-weight: 400;\">Over the last two weeks, SHIB\u2019s volatility has consolidated around the same spot. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">For a cryptocurrency that thrives on speculation, this was an unusual trait. However, as things stand, this lack of volatility does not seem in the favor of buyers or sellers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As per price action, SHIB could be seen choosing to hold on to a similar support level since September began. Between 2 September and 4 September, the four-hour chart showed holding support between $0.00001205 and $0.00001227.<\/span><\/p>\n<h3>Same old me<\/h3>\n<p><span style=\"font-weight: 400;\">Taking the days forward from 7 September to 9 September, SHIB maintained its stance around the same support. Per the charts, SHIB held support at $0.00001222 and 0.00001205 again within that time frame.<\/span><\/p>\n<figure id=\"attachment_257560\" aria-describedby=\"caption-attachment-257560\" style=\"width: 1354px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/SHIBUSDT_2022-09-13_13-20-20.png\"><img decoding=\"async\" class=\"wp-image-257560 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/SHIBUSDT_2022-09-13_13-20-20.png\" alt=\"\" width=\"1354\" height=\"697\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/SHIBUSDT_2022-09-13_13-20-20.png 1354w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/SHIBUSDT_2022-09-13_13-20-20-300x154.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/SHIBUSDT_2022-09-13_13-20-20-1024x527.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/SHIBUSDT_2022-09-13_13-20-20-768x395.png 768w\" sizes=\"(max-width: 1354px) 100vw, 1354px\" \/><\/a><figcaption id=\"caption-attachment-257560\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Looking at the signs from the Bollinger Bands (BB), it can be ascertained that SHIB reduced volatility at press time, compared to what it was yesterday (12 September). <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The notable aspect was how the price was going out of the volatility level. With this momentum, it could provide an avenue for shorts to profit.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, the signs look glaring since SHIB was already recording declines. Despite an almost 20% surge on 9 September, <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/shiba-inu\/\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\"> showed that SHIB was down $0.98% in the last 24 hours. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The SHIB volume had also decreased to $431.12 million from yesterday (12 September). As the meme cryptocurrency continues to hold on to less volatility, traders in long positions may also need to reconsider their stance. But what is the condition from the Exponential Moving Average (EMA) angle?<\/span><\/p>\n<h3>Close enough<\/h3>\n<p><span style=\"font-weight: 400;\">According to indications from the 20 EMA (blue) and 50 EMA (yellow), SHIB should be sustaining a good buying momentum. However, the price performance mentioned earlier seems to disagree. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The reason was that the 50 EMA was keeping the 20 EMA on its toes by staging close by. As a result of this \u201cchase,\u2019\u00a0 it is unlikely that the buyer&#8217;s strength will reflect in the coin&#8217;s price.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For short-term investors, the 200 EMA (cyan) showed that SHIB might not favor a price uptick in the coming weeks. However, since the token moved mostly with the <\/span><span style=\"font-weight: 400;\">Bitcoin [BTC]<\/span><span style=\"font-weight: 400;\"> momentum, all hopes may not be in turmoil.<\/span><\/p>\n<figure id=\"attachment_257561\" aria-describedby=\"caption-attachment-257561\" style=\"width: 1354px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/SHIBUSDT_2022-09-13_13-38-53.png\"><img decoding=\"async\" class=\"wp-image-257561 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/SHIBUSDT_2022-09-13_13-38-53.png\" alt=\"\" width=\"1354\" height=\"697\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/SHIBUSDT_2022-09-13_13-38-53.png 1354w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/SHIBUSDT_2022-09-13_13-38-53-300x154.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/SHIBUSDT_2022-09-13_13-38-53-1024x527.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/SHIBUSDT_2022-09-13_13-38-53-768x395.png 768w\" sizes=\"(max-width: 1354px) 100vw, 1354px\" \/><\/a><figcaption id=\"caption-attachment-257561\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI) also revealed that buyers had lost their stronghold after falling from the overbought level on 11 September. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the Money Flow Index (MFI) showing some revival signs, SHIB traders expecting greens may hope it helps. Still, considering that price drops further may possibly be a wise take.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu [SHIB] short-term traders and long-term investors may need to be alert after the coin decided to choose stagnancy. Over the last two weeks, SHIB\u2019s volatility has consolidated around the same spot. For a cryptocurrency that thrives on speculation, this was an unusual trait. However, as things stand, this lack of volatility does not<a href=\"https:\/\/ambcrypto.com\/shib-traders-may-eventually-need-to-pull-sell-trigger-decoding-why\/\">Continue reading <span class=\"sr-only\">&#8220;SHIB traders may eventually need to pull sell trigger- Decoding &#8216;why&#8217;&#8221;<\/span><\/a><\/p>\n","protected":false},"author":70,"featured_media":257562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-257559","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SHIB traders may eventually need to pull sell trigger- Decoding &#039;why&#039; - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Shiba Inu [SHIB] short-term traders and long term investors may need to be alert after the coin decided to choose stagnancy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/shib-traders-may-eventually-need-to-pull-sell-trigger-decoding-why\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHIB traders may eventually need to pull sell trigger- Decoding &#039;why&#039; - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Shiba Inu short-term traders and long-term investors may need to be alert after the coin decided to choose stagnancy. 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