Shiba Inu Weekly | Full Chart Analysis After 1636% @AlanSantana
The weekly chart for Shiba Inu (SHIBUSDT) looks pretty interesting, we have multiple strong signals so let's look at the chart.
Don't worry about hitting LIKE and FOLLOW now, first we have to see what is going on.
Shiba Inu Weekly Chart Analysis with Alan Santana
A low was hit early September for the SHIBUSDT pair.
What followed was a very strong bullish wave.
We saw a total of 1636% from bottom to top, WOW!
This all took place in just 7 short weeks or 49 days.
After a strong bullish move a correction follows.
The SHIBUSDT peak was hit on the 25-Oct. weekly candle and then we had 7 weeks of correction.
Last week we hit a new low and prices starting to bounce/recover.
This week opens above EMA10, which tells us that the short-term potential is now going towards the bulls/GREEN.
We also have a bullish engulfing candle pattern here which is a bullish signal.
The RSI is staying above 50 which is good and there is definitely room to see prices move up.
We might go to new highs or not... Too soon to say, but a bounce is surely to take place.
Feel free to hit like now...
Thanks a lot for your support.
Namaste.
Don't worry about hitting LIKE and FOLLOW now, first we have to see what is going on.
Shiba Inu Weekly Chart Analysis with Alan Santana
A low was hit early September for the SHIBUSDT pair.
What followed was a very strong bullish wave.
We saw a total of 1636% from bottom to top, WOW!
This all took place in just 7 short weeks or 49 days.
After a strong bullish move a correction follows.
The SHIBUSDT peak was hit on the 25-Oct. weekly candle and then we had 7 weeks of correction.
Last week we hit a new low and prices starting to bounce/recover.
This week opens above EMA10, which tells us that the short-term potential is now going towards the bulls/GREEN.
We also have a bullish engulfing candle pattern here which is a bullish signal.
The RSI is staying above 50 which is good and there is definitely room to see prices move up.
We might go to new highs or not... Too soon to say, but a bounce is surely to take place.
Feel free to hit like now...
Thanks a lot for your support.
Namaste.
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