Shiba Inu (SHIB) holds the 14th position on CoinGecko right now. SHIB price prediction 2022 is explained below with a daily time frame.
SHIB /USDT Inverted Head and Shoulder Pattern (Source: Tradingview)
The above chart of Shiba Inu (SHIB) laid out the inverted head and shoulder pattern. It is the inverse of the head and shoulder pattern. Generally, in this pattern, the price action slides downwards and then rises up. Thus, forming three troughs in the pattern, left shoulder, head, and right shoulder.
This pattern can be a potential signal for the upcoming bullish market. If the price action establishes a breakout above the neckline resistance, the price might rise up to new highs.
Currently, Shiba Inu (SHIB) is in the range of $0.00001192. If the pattern continues, the price of SHIB might reach the resistance levels of $0.00001432, and $0.00001863. If the trend reverses, then the price of SHIB may fall to $0.00001120.
Great idea, first time I've seen it, but I've seen some points in similar ideas. Making your charts reminds me of something. I wonder if you take cluster analysis into account when writing your idea.
TheNewsCrypto
⋅
@TradingStat, Thanks Mate
Solldy
⋅
Very easy to understand idea. Thank you for the quality material) It was interesting to see further updates on the asset