SHIBA going to retrace to 88.6% or 94.1% correction TO 0.000015 (or) 0.00001054. We are already going below 78.6% FIB retracement, so the next best points are 88.6% and 94.1% and they are derived by the following formulae:
88.6% price level is derived by squaring (or multiplying by itself) from the Golden Ratio, 0.618:
0.618 x 0.618 = 0.786 (78.6%)
0.786 x 0.786 = 0.886 (88.6%)
0.886 x 0.886 = 0.941 (94.1%)
88.6% retracement price is $0.000015
94.1% retracement price is $0.00001054
I believe SHIBA will still be shorted and may find the reversal at that zone
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88.6% price level is derived by squaring (or multiplying by itself) from the Golden Ratio, 0.618:
0.618 x 0.618 = 0.786 (78.6%)
0.786 x 0.786 = 0.886 (88.6%)
0.886 x 0.886 = 0.941 (94.1%)
88.6% retracement price is $0.000015
94.1% retracement price is $0.00001054
I believe SHIBA will still be shorted and may find the reversal at that zone
Please like and comment for feedback