Shiba | One Final Drop Before Bullish Party (SMU & SSLU-Waves)Shiba Inu did great earlier this year... The full wave, from June 2023 through March 2024, amounted to more 720% total growth...
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Please, take a few minutes of your precious time to read this chart with me.
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...Amazing. The reason why Shiba Inu is doing poorly now is because it did great in the past. A correction always follows a bullish wave.
👉 Here is what the chart is currently saying: SHIBUSDT can produce another drop before the bullish party starts. This drop can lead to a bounce that would then lead to an SMU-Wave followed by another drop. This second drop can be either a lower low compared to the one that will show up now or a higher low; this would be the final drop before a sustained period of maximum growth; a SSLU-Wave (Surprise-Super-Long-Bullish Wave).
While here I am only showing the beginning of the SSLU-Wave, this market phase can, and is very likely to, lead to a new all-time high.
➖ How high can it go?
We looked at the 2025 ATH potential many times before.
You can find these trade ideas by searching for SHIBUSDT within my profile.
We will revisit the 2025 ATH potential with fresh data later this year or in early 2025.
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