Shiba inu since our last analysis where shiba has grown to a peak of 10x - 15 x before this sharp drop, in my opinion this drop enough for new holder to join the party.
My previous view still stand and with this sharp retracement back to previous breakout, it is good time for first time buyer to buy in some.
A retracement is always healthy when a price shoot up too fast. I see price will most probably moving in the range box between 36 - 55 maybe for quite a while, only break out will make a meaningful move to above 100.
My previous view still stand and with this sharp retracement back to previous breakout, it is good time for first time buyer to buy in some.
A retracement is always healthy when a price shoot up too fast. I see price will most probably moving in the range box between 36 - 55 maybe for quite a while, only break out will make a meaningful move to above 100.
Note
Price holding the 29 where previous breakout was. Will expect it to break and come back again later to this range. As price in short term is overall downtrend, but it has reach a fair value for shiba.
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Disclaimer
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.