Shiba Inu Fib Retracement Key Levels of Resistance From the 60 percent fall we have had from institutional buyers who took advantage of the purchasing power of the Shib Army. We have finally fallen back to solid consolidation ! yay
Every time shib has shown solid consolidation it has proven to go for it's next bull run and each have proven to be even stronger than the last besides the first wave more a less on theory
that most buyers where hoping to get rich quick than actual community members. But the majority of shib is still in good hands and the dev teams are working hard to bring needed updates to the project in the short amount
of time they have had. In the chart i was wanted to simply show my viewpoint on what the community and bulls need to achieve to enable renewed confidence in shib army.
We start at the first levels of major resistance 3550 if shib was to able to reach this price point it passes the 100 day moving average and if holds above 3350 is in target for next level of resistance at
3850 here we move pass the 200 day moving average next is 4462 which once we pass we approach the last levels of resistance at 5000 and 5550 if we are able to hold and consolidate in that area then hopefully this is will the anchor for the next bull run taking out a possible zero to reach the target of 1200 minus 0. These are my thoughts i will always hold a long and accumulate position on this work of art of a token and it's system hope you enjoyed my
analysis and any feedback is appreciated.
