SHIBUSD has currently been locked in a descending trend since its recent ATH. I expect this trend to persist as indicated in the chart. Supports and potential reversal points are 0.00005484~, 0.00005068~, and last potential support before major support at 0.00004796~. A reversal at the first potential area would follow with an ascending pattern in between the purple lines. While a reversal at the EMA would consist of a similar pattern. Lastly, if the trend persisted until the last potential support or major support a trend between the upper purple line and major support may play out. Depending on the state of the crypto market any of these could mark a reversal and potential entry point. Green line indicates major support. Blue lines indicate current channel. Purple lines indicate potential reversal channel. Red line indicate resistance areas. Black line indicates potential support/reversal area. Thick red line indicates EMA. This is not financial advice, trade wisely and use your own due diligence.