Currently SHIB is staying between the bottom Fib channel. If it behaves, it will keep rising towards the 1 Fib level.
You can see how it bounced off the 0.236 red line twice. It will touch this one more time and start upwards journey. Fingers crossed!
If we bounce at the fib level, we may resume upwards trend. If it breaks, looking at 300s. Almost 100% drop from the ATH.
NFA. I know 100% BTC will bounce back to 60k+ in coming weeks, just close your browser and do something else for the next week.
If we look at past patterns, SHIB has jumped 2900% twice. If three is the lucky charm, we might see another 2900% 15-20 days after it settles. May we see a pump on June 7th?
NFA. DYOR. I would wait to see where SHIB goes once BTC stabilized and everyone fcuking stops FUDing with bad news each day.
There is no momentum anymore. Maybe SHIBSWAP will save it, otherwise the social meme factor has dropped significantly. DOGE atleast has Elon tweets to keep pumping it.
I am not going to see the charts for a few weeks on SHIB and hope it will cross 21 resistance.
As much as Vitalik's burn helped us to get a pump, it just isn't enough to sustain a positive upward trend.
Currently touching the the FIB, hoping it bounces off from here. If it breaks, the 12 line should give a support.
What do you guys think?
We broke out of the downtrend. It is still not clear if it's really broken out. Wait for it to create Higher Highs and Higher Lows. If price falls below the descending line, idea is invalidated.
SHIB is not giving much to read, it's really hard. Good thing is the sell pressure looks like is slowing down, more greens on the buys. Fingers crossed!
As expected SHIB failed to have enough vol yesterday and dropped to the last Fib level. It bounced off perfectly and now trying to create an uptrend. Watch for it to break the downtrend and once confirmed, next level will be 21.
Learning all this myself, NFA. Inputs welcome, help me grow. Thanks!
Poor Shib is tired and losing steam, looks like it will crawl to the end of the down trend towards 17. If it breaks, down it goes. Needs new listing or Twitter hype or both.
Big brother Doge is doing really well, it will hit $0.60 - $0.65 in next 24 hours.