Just like many other alts, SHIB is currently trading in a bearish channel. Just like my recent ADA signal, there's a big chance that this bearish move will continue in the near future.
When trading alts, keep an eye out for BTC, since alts tend to follow BTC's every move.
Current target would be the bottom of the channel.
Happy trading!
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Price is going up at the moment. Short entry not hit yet.
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BTC saw a strong bullish impulse. The alts followed, trade is cancelled.
valid channel but i think soon we will have breakout and pump
Pizzaboy1234
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@MMBTtrader i agree with you there is big news on his way but if btc goed down we all following so i think fiery trading thinks btc dumping again
Hamidreza_bp
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With supposing a valid channel, we are seeing the price touch 3 times above and bottom of the channel, in the last touch, the price seems that is going to go out of this channel. Furthermore, Shiba has been corrected about 83%, and in terms of time, the correction period is going to over. Fundamentally, Shibaswap, its own exchange, will launch soon, therefore, another pump is not far away from expectation.
FieryTrading
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@Hamidreza_bp, Thanks for your insight. I'm not sure if we're going to see a massive pump in SHIBA with the upcoming swap launch. Wouldn't that already be priced in?
Hamidreza_bp
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@FieryTrading, the two previous pumps were because of the meme as well as listing by Binance. Although this is known as a shitcoin, this is a particular one, because it could achieve a high rank among a huge amount of coins and tokens. Moreover, its market cap and $ volume are the positive points that should be considered. After all, the whole market is currently bearish! Obviously, as far as the market gets green (bullish), this coin most probably will make a new ATH.
Blue_tehran
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Fortunately, shib broke the resistance line
financialflagship
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Professional work, keep it up. Thanks for sharing 🔥🔥
Vahid_Sazegar
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Excuse me. But your channel is not valid.
CryptoZani
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@Vahid_Sazegar, Why do you say that, what is your supporting justification for this comment?
moonshot12
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@CryptoZani Because the article analyst is an experienced analyst, however, he has a small mistake in this analysis Do not get involved in long shadows and news. The right line is the one that has the most touch