The article discusses the current price patterns and outlook for three cryptocurrencies: Shiba Inu (SHIB), Bitcoin (BTC), and Ethereum (ETH). For SHIB, the symmetric triangle pattern that previously suggested a breakout is now weaker, but the asset still has a chance to strengthen if it can overcome the $0.000017 resistance level. Bitcoin has maintained the critical $60,000 level and shows signs of recovery, but low trading volume raises doubts about the sustainability of the upward trend. Ethereum faces a strong resistance level at $2,400, and its inability to break above this level suggests weak bullish momentum. A breakout above $2,400 could lead to further resistance levels at $2,600 and $2,800, while failure to break this barrier could result in a retracement and lower support levels.
- Content Editor ( u.today )
- 2024-10-14
This Shiba Inu (SHIB) Pattern Just Got Invalidated, Bitcoin (BTC) Secures Critical Price Level, Ethereum's (ETH) Massive Struggle at $2,400