SHIBA INU - Continues to Follow Trend! Mid Week Pivot?! Be Patient With This!
2 extracted signals · 0 resolved · 2 still active
LuckSide CryptoIndependent analyst profile- Source published
- 07 Oct 2026, 18:00 UTC
- Recorded by Tahlil Plus
- 07 Oct 2026, 18:35 UTC
AI-generated source summary
The analysis focuses on the current market conditions for SHIBUSD and BTCUSD, suggesting potential bullish reversals. For SHIBUSD, the price is currently at 0.00000576, having experienced recent rejections from local highs and is retesting support levels, including the 50-day moving average. The descending wedge pattern indicates a potential for a bounce. A target of 0.00000650 is projected, with a failure bound set at 0.00000550, below which the bullish short-term outlook would be invalidated. For BTCUSD, the current price is 84190.7. While it shows signs of weakness and has not yet broken above its resistance, the analysis implies a potential upward movement. A target of 85000.0 is suggested, with a fail bound at 83000.0. The broader market context, including altcoin season index and exchange reserves, are reviewed to support the short-term bullish outlook for these specific assets. The speaker notes historical patterns in bear markets suggesting potential for a rebound, but emphasizes the need for caution and patience.
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Tahlil Plus independently records and evaluates public market predictions. Extraction may be AI-assisted and results follow the Tahlil Plus methodology. This information is not financial advice.