SHIBA Points To Starting Point Of Cycle Mania

Hello Crypto traders!

Let's talk about memecoin Shiba Inu (SHIBUSD) in which we see very interesting pattern.

The book says: Every mania is followed by a decline that ends at the starting point of the advance. SHIBA can be still looking for wave (C) sell-off that can send the price back down to 0.*10 – 0.*05 support zone and beginning of mania cycle, especially if we consider current sideways bearish running triangle pattern in wave (B) that can be approaching the end soon.

Be humble and trade smart!
If you like what we do, then please like and share our idea.

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.

Manage other's people money with cryptos, stocks or FX and collect profits
👉 https://bit.ly/3Mf1fYt

14 Days Trial To Real Time Elliott Wave Analysis: 👉 https://wavetraders.com/

Learn Elliott Waves
👉 https://wavetraders.com/academy/

Related Ideas


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.