Positive divergence detected!
On the weekly SHIBUSD chart (Renko, %), we see a clear positive divergence between price action and both the Brick Indicator and MACD. While the price printed new lows, momentum indicators are forming higher lows, suggesting fading bearish pressure and a possible reversal ahead.
Key Resistance / Target:
The main resistance zone is at 0.000032 USD (highlighted in green on the chart). This level marks a strong supply area from previous cycles and serves as a potential upside target if the bullish momentum continues.
Summary:
Positive divergence on momentum indicators is confirmed.
Bearish trend is losing strength; reversal potential is increasing.
Next key target is the 0.000032 USD resistance area.
⚠️ This analysis is for informational purposes only and is not financial advice. Always DYOR before trading.
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