✴️ SHIBUSDT | Necessary Retrace (Name Your Altcoin #16 ✅)
Recently, Shiba Inu conquered EMA300 and hit a new high... You can check the 'Related Ideas' below to find this article.
Now that EMA300 has been conquered, SHIBUSDT can move back down to test it as support, this is the tricky part.
The retrace can last a few days, say 1-3 days, just as it can go for weeks.
Prices can drop just a little bit just as they can drop a lot, here it varies wildly and how this pair behaves depends on the overall market sentiment.
The bias and trend remain completely bullish of course.
Bear volume is really low yesterday, on the first red day and low also today, which tells us that the retrace is likely to be short rather than long but still, it can vary everyday.
The broader perspective says additional growth will follow short, mid and long-term.
Namaste.
Now that EMA300 has been conquered, SHIBUSDT can move back down to test it as support, this is the tricky part.
The retrace can last a few days, say 1-3 days, just as it can go for weeks.
Prices can drop just a little bit just as they can drop a lot, here it varies wildly and how this pair behaves depends on the overall market sentiment.
The bias and trend remain completely bullish of course.
Bear volume is really low yesterday, on the first red day and low also today, which tells us that the retrace is likely to be short rather than long but still, it can vary everyday.
The broader perspective says additional growth will follow short, mid and long-term.
Namaste.
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