We have seen Shiba Inu gain over 300% the last week and now we are in the correction which I believe to be wave 2 of 5. This is my short to medium-term forecast for Shiba Inu token. We have a complex correction which could either be a regular flat. I'm forecasting a regular flat, but we will have to see as the session go on. We have an ABC structure in the minor degree with a WXY in the higher degree. Both the 1 & 4hr RSI has set however the 1hr is slightly below 50 on the EMA, we should hopefully see a deeper correction before upside again for wave 3.
I am really hoping the creators of Shiba Inu have another burn to kill the supply as this will greatly increase the bull run in months to come.
I am really hoping the creators of Shiba Inu have another burn to kill the supply as this will greatly increase the bull run in months to come.