WicktatorFX

SHIBA INU - Getting Ready...

BINANCE:SHIBUSDT   SHIB / TetherUS
SHIB is currently in a descending ABC correction and we're in wave C now, which has 5 subwaves. We are currently in subwave 4 and expecting one more drop for subwave 5.

Once price drops once more, we can get ready to buy Shiba Inu. We have a level marked out, which has previously acted as strong support. Price could very well retest that level once more before seeing bullish price. That will be our first point of interest when price makes its way down for the 5th subwave.

No trade idea as of yet but we'll update this chart with a lower timeframe analysis once we see the 5th wave down.

What do you guys think?

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