CryptoTowed

CryptoTowed

It very well could be a blood bath if SHIB breaks through the pre-peak floor. There is no level of support below there until it reaches early 2021 prices.

CryptoTowed

Shib continues to shit the bed. Down we go. If it breaks through that floor we will see a massive drop back to the early days of shib.

CryptoTowed

With the breakout failing to happen, and the price dropping to follow the long-term trend, it looks like we will be at pre-peak price (our first real but weak floor). There is little to support the price at that point. This indicates we might see a rapid return to pre-sept 2021 prices before spring. It could be argued that this lower floor is the true value of SHIB.

CryptoTowed

All things considered, currently, we are headed to sept '21 prices around Jan 10. There is no more support between here and there. Shiba will likely sink to the 2nd floor after that because there is no support there either.

CryptoTowed Updated 

Just like in my previous publish when we were approaching a Christmas breakout. The difference this time is that the price is near a line of attraction which the price will gravitate to. This dotted line existed pre-peak as well. If the price is able to break-out past the red line of resistance, we might see another spike up followed by a retraction similar...

CryptoTowed

Look at the total supply. Look at the burns. The burns are not even close to 1% so they practically do nothing. Are they better than nothing? Absolutely. But the circulating supply is going to remain extremely high for many many many many years to come. You could convince me we can drop a zero in the short term... maybe another zero in 4 or 5 years. It could...