Shiba Inu has begun a long-term bullish trend (1D)

Jul 26

It appears that Shiba Inu's multi-year correction has come to an end, and it is now at the beginning of a medium term uptrend. Compared to most other altcoins, SHIB is in a unique position and could sustain this bullish trend for several months.

A correction is expected from the supply zone before the uptrend resumes.

The green zone offers a low-risk area to join this bullish trend.

Let's see what happens.

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Do you also think SHIB is bullish?

Aug 4

Trade active

The support level identified in the previous analysis has been broken to the downside. If your stop loss was triggered, you can re-enter the position using this updated analysis.

Nothing has changed in the overall outlook. SHIB's minimum target remains the red zone, which is also our first target.

The corrective Diametric pattern has already completed, and the price is now progressing through the waves that follow this Diametric. The only difference is that the correction extended slightly deeper than expected in the previous analysis.

Let's see how it unfolds.