Here is the long-term weekly chart for Shiba Inu (SHIBUSD)... Hit like/boost and let's start right away.
This chart is saying one thing clearly for the Shiba Inu fans, followers, lovers, developers and traders; It is still pretty early, growth potential is great.
This is the main message coming out of this chart.
Looking at the weekly timeframe we can see that it has been only a month since the new All-Time Low. After the bottom is in, a new trend starts that can and will lead to a new All-Time High.
Prices barely moving above EMA10, which again signifies that it is still early for this pair.
There is a nice 500%-700% potential in the medium-term, but long-term there can be much more, as a new All-Time High takes place. This is likely to happen mid-2024. Patience is key.
Feel free to leave a comment with your questions. Share anything you like. Open!
Namaste.
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The bullish bias for SHIBUSD becomes stronger, this pair is set to grow and getting closer to a strong bullish breakout.
It has so much potential. Are you expecting this to play out in 2023? Thanks for sharing.
SpartaBTC
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I have similarly large positions on this pump coin. I am inclined to believe that there will be an exit from this accumulation (horizontal channel for more than 1 year) in the near future.