Please refer to this additional chart for reference (switching to binance SHIBUSD because coinbase went down soon after the squeeze) coinalyze.net
This analysis refers to the pump and short squeeze that occurred today on COINBASE:SHIBUSD and FTX:SHIBPERP from 0800 UTC to 1900 UTC OCT 27
Before 0800 UTC SHIB had just experienced a drop caused by long...
SHIB has had a great run recently, there is no denying that. But is it actually done?
If we drop to lower timeframes ie 1h, we can see there is an upper and lower trendline support that is holding so far. We’ve had a few attempts to break to the upside but price keeps getting knocked down before quickly bouncing back.
The OBV is also putting in an upper...
