Shiba Inu | The Bullish Perspective but When? Full Analysis -Tap
We can see that the first wave for Shiba Inu (SHIBUSDT) peaked in May 2021, the same as with other Altcoins.
A new wave started in October ahead of the pack with a peak that was ~1600% higher compared to Septembers low.
The first correction + consolidation/accumulation period took 140 days+.
The second correction + consolidation/accumulation period can be shorter, say 70 days or so.
The first wave went below the 0.786 Fib. retracement level support.
With a similar price action repeating, we can see something as marked on the chart (red arrow).
This is just one scenario but remember that this can take longer than what most people would expect.
The market makers make it last, so weak hands fold and they can keep most of the gains.
What will you do?
Leave us a comment.
Thanks a lot for your continued support.
Namaste.
A new wave started in October ahead of the pack with a peak that was ~1600% higher compared to Septembers low.
The first correction + consolidation/accumulation period took 140 days+.
The second correction + consolidation/accumulation period can be shorter, say 70 days or so.
The first wave went below the 0.786 Fib. retracement level support.
With a similar price action repeating, we can see something as marked on the chart (red arrow).
This is just one scenario but remember that this can take longer than what most people would expect.
The market makers make it last, so weak hands fold and they can keep most of the gains.
What will you do?
- Will you buy more (buy the dip)?
- Will you hold long?
- Will you sell?
Leave us a comment.
Thanks a lot for your continued support.
Namaste.
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