SHIB oversold for 8 daysIf you haven`t bought SHIB here, before the huge pump:
Then you should know that is oversold for 8 days and sitting at a strong support area from which it can bounce anytime now!
I expect a short term upside to the $0.00002730 resistance.
Looking forward to read your opinion about it.
Shibatoken
SHIBA SHORT TO 0.000015 (or) 0.00001054SHIBA going to retrace to 88.6% or 94.1% correction TO 0.000015 (or) 0.00001054. We are already going below 78.6% FIB retracement, so the next best points are 88.6% and 94.1% and they are derived by the following formulae:
88.6% price level is derived by squaring (or multiplying by itself) from the Golden Ratio, 0.618:
0.618 x 0.618 = 0.786 (78.6%)
0.786 x 0.786 = 0.886 (88.6%)
0.886 x 0.886 = 0.941 (94.1%)
88.6% retracement price is $0.000015
94.1% retracement price is $0.00001054
I believe SHIBA will still be shorted and may find the reversal at that zone
Please like and comment for feedback
SHIBA INU because you like it!- Like i said before i am not really fan of MEME's Coins, they have no tech behind, but i play with some of them for fun :D
- That said Shiba Creator "Ryoshi" proved for now that he made this token to help people's and grow them and not to rekt them and be greedy.
- Shiba inu community grown to reach 2.4M Followers on Twitter...i never understood how he did it, but he did it!
- Despite Elon Muskitos stays behind Doge, Shiba made much more returns in this bullrun, and that's just a fact.
- Remember those kinds of projects are very dangerous, i really recommend to set a STOP and stick to your plan because you could become an " Forever Hodler ".
- if you don't want to set a STOP LOSS, then invest what u can afford to lose.
- Play as a Trader !
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Trading Plan ( i took out the decimals 0,0000xxx)
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- Notice that Bollinger Band is getting smaller? it could means that we will get a move soon.
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Buy Zone : 30-34
TP1 : 88 ( ATH security TP)
TP2 : 1249ish
TP3 : 1469ish
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STOP : under 24ish
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- i will post my older analysis in comments. please check them to be aware of moves.
- Again Happy New Year to Everyone! Stay Safe !
Happy Tr4Ding !