Shiba Inu will definitely go higher later this year. Right now, we need to catch the bounce and ride the next wave to the upside. The 0.618 FIB retracement seems to be a great level to buy Shiba Inu, which is at 0.00002249. It's always important to do an Elliott Wave technical analysis for such pumps to stay in full picture. We need to see the full market structure and map of the uptrend. I suggest waiting for a bullish flag or any bullish pattern, or just simply setting your limit order to buy SHIB lower! I am very bullish on this coin, and the next profit target is 300% away!
What Is SHIBA INU (SHIB)?
SHIB is a decentralized, community-led currency held by millions across the globe. Since its inception in late 2020, the Ethereum-based SHIB token has grown to become a worldwide phenomenon, and is now accepted as a form of payment at hundreds of locations, either directly or through third-party intermediaries.
Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming.
This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin.
Since release SHIB now trades on the ecosystem's proprietary DEX, ShibaSwap.
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On the weekly chart, we have only 1 resistance on the way up, which is the previous ATH from 2021.
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Still waiting for the entry point. Patience is the key.
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Load up your coins at 0.0000212995
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SHIB in the short-term. I see a falling wedge, which is good, but I still think we should make another wave down to complete it. This looks like a bullish trap to me.
Guys, are you patient with SHIB or buying right now?
mcalons
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I have doubts about the correction has finished in this wave 4 of (3), I think now it is in the C of IV of your 4 until 00003 and again down to 19/20 and finish wave V of 4. Recovery of BTC will define if we rise fast or in lateral trend until halving day.
Maybe last recent down was a failed 5.
But I agree with the idea. The 5 of (3) between 000051 and 000058
The rest will be more complicated to define. It requires a lot of capital to overcome the ATH, although there are opinions that even indicate 0.00012 and 0.0014