Trade
Trading Type
Spot
Trade crypto freely
Pre-Market
Trade new tokens before they are officially listed
Margin
Magnify your profit with leverage
Convert & Block Trading
0 Fees
Trade any size with no fees and no slippage
Alpha
Points
Get promising tokens in streamlined on-chain trading
Leveraged Tokens
Get exposure to leveraged positions simply
Futures
Futures
Hundreds of contracts settled in USDT or BTC
Options
HOT
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Participate in events to win generous rewards
Demo Trading
Use virtual funds to experience risk-free trading
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
NEW
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
NEW
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
NEW
No forced liquidation before maturity, worry-free leveraged gains
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
More
Promotions
Activity Center
Join activities and win big cash prizes and exclusive merch
Referral
20 USDT
Earn 40% commission or up to 500 USDT rewards
Announcements
Announcements of new listings, activities, upgrades, etc
Gate Blog
Crypto industry articles
VIP Services
Huge fee discounts
Proof of Reserves
Gate promises 100% proof of reserves
Affiliate
Enjoy exclusive commissions and earn high returns
#Al#Trump Allows 401(k) Crypto Investing tcoins Rally# The bearish Pennant pattern indicates a breakdown in the price of Shiba Inu
On the two-day price chart, SHIB is forming a Pennant pattern, which could break in either direction. However, the price is currently trading near the lower trendline of the pattern, around 0.00001158 dollars, and a clear breakdown below this level could indicate a full breakdown of the pattern. The price of Shiba Inu has attempted to bounce off the lower trendline several times.
In addition, the Average Directional Index (ADX) has weakened. It has decreased from 22 in mid-July to 18.4, indicating a decline in the overall trend strength. A drop in ADX near the support line of the pattern typically suggests that the price is likely to fall without strong buying interest.
The Average Directional Index (ADX) measures the strength of the price trend, whether it is trending upwards or downwards. A decrease in ADX indicates that the trend is weakening and not gaining momentum.
If SHIB loses support at $0.0000115, it may drop further, as confirmed by the input/output settings. However, to invalidate this bearish setup, SHIB must first break above $0.0000132 and $0.0000137. However, if it can break above the resistance of the pattern, especially around $0.0000150, the trend will turn bullish.