TradingView
Urinsky
Oct 8, 2021 3:21 AM

SHIBA may take a break, but... Long

SHIBA INU / TetherKuCoin

Description

We saw SHIBA doing something that some of us were waiting for since SHIBA was created. It had a good beginning of the week, but, will keep growing monstrously soon? Many times we can understand a currency behavor by looking to its own past but in this case it may be difficult to count on it.

At this point we cannot say SHIBA is forming waves; if so, It´s doing a second wave and it may goes down to the 0.786 fibo level and will bounce up to start a third wave.
I would wait to see if an strong bullish sign appears before buying some.
More