Dogelon, the next Shiba?Dogelon, possible formation of cup and handle. We might still see the price to go down to complete the C wave and form the handle. Will this be the next Shiba?
Memecoin
SHIBA N U ~~ What aAre Doing Price is in a bullish channel, holding support at the 0.000053 region trying to make a short term higher low bullish trend reversal. A break of the upper supply channel may signal a bullish run. Wouldn't be surprised if price breaks down to .0000500 again to retest previous May 2021 high.
LONG SHIB coin!For myself I am loving this pattern and the forward stacking catalyst of Robinhood listing coming up, Kraken listing going live, and Shibarium (own blockchain project). Retraced to buying levels and respecting the fib's and BB's very well. I already held 420,000,000 SHIB and added 65,000,000 today at these levels!
Will SHIB make it ?? SHIB ForecastAre you one of the people that made money on SHIBA INU ??
On the 8th of June 2021 we posted a forecast on SHIB ,thats when the price dropped to $0.00000720 and some investors on our team were willing to take the risk on the meme coin ...then in the beginning of October SHIB finally broke out of our resistance $0.00001005 after months of consolidation the SHIBs price increased with a price range of +/-200% and hit our resistance at 0.00002379 and in the next few days it started forming a bullish flag pattern and on 23 of October it broke out of the bullish flag pattern and increased with another price range of +/-200% breaking its ATH of $0.00005044 and creating a new ATH of $0.0008806 and over the last few day is has been retracing to retest its ATH and our lower trend line at 0.00004524.
Therefore if price respects and does not break the support and the lower trendline at $0.00004524 we might see an increase in price and new ATHs created and if it does increase as much as it did in the past with a +/-200% price range increase we might see price around the $0.00013138 range.
BUT if it does break our support and lower trendline at $0.00004524 price is gonna continue dropping till it finds support.
OR maybe a total white out like the squid game meme coin....wouldnt wanna see that happen but keep it in mind and only risk what you will to lose.
L.M
Looks like I may be close With the current decline in short sellers we are finally stabilizing to the point where the Analysis can finally see a uprise in the market, This should provide a huge buy back in for those who missed.
For those who are staking there shib should be earning interest on top of their current position.
For a short term run I can see it increase roughly 27% to 48% the panic sellers will have a huge impact on the market and its current position. Simply holding a lot of shib isn't enough to make it through as more buyers flood into the crypto market. researching the stock market and the crypto market plays a huge role on how shib will do. The #DogeKillerCoin has a purpose and a limited supply the burn protocols will happen in time just stay focused on the long run.
This is my personal review and personal Analysis. Take the risk at your own Will.
COINBASE:SHIBUSD