SHIB / TetherUSShort
SHIB massive... bearish move ahead.
SHIB will rise back to around 0.00002711 before eventually dropping to 61.8% extension of the Fibonacci (0.00001082). The fourth Elliott Wave is rather, a triangle, and the fifth wave will presumably complete by going down to 61.8% extension of the 3rd-4th Elliott Wave.
If Shiba Inu does not find its support at 0.00001082, it will continue to drop, reaching somewhere around 0.00000697 before a possible flip-over of the bulls.
(Just an opinion, though!)
If Shiba Inu does not find its support at 0.00001082, it will continue to drop, reaching somewhere around 0.00000697 before a possible flip-over of the bulls.
(Just an opinion, though!)
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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.