SHIB is relativly new ctypto and has almost not well-traded levels which are suppost to serve a support/resistance.Currenlty
SHIB is in the horizontal accumulation channel. In case of the break out it's most likely going to surge hard because it has almost no resistance levels.If
SHIB is going to close weekly candle above 1000 then most likely it's broke out of the channel for good and it's bullish.Bearish case if
SHIB closes weekly below 600 then it goes to 150 range it's lowest well-traded support level.SHIB has a huge community and got a lot of attention lately and most likely is here to stay.I'm leaning toward bullish scenario.
Best way that i see is to buy at good levels (600s and 150s if it falls there) and HODL for long term because this coins is going to bring huge returns when the time comes.
It's not a financial advice.
Be careful and good luck!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.