The most recent bull run is a scaled-up move of Shiba's first big run in early October; "scaled up" meaning both (a) wider swings to the up/downsides but also (b) longer in time for the ebbs and flows of each rally to occur.
So here's my hypothesis: Shiba will bottom out around the .35-.40 support levels and continue trading sideways before the start of the next big move up.
Why? Let's take a look at the last time RSI levels fell bellow sub-30 (first green flag), Shiba during the past few weeks have tapped that sub-30 level again a few times which tells me it could be oversold at current levels (yes-meme coins can be oversold too!)
All of the above aside, SHIB will ultimately move w/ BTC - and there is some major tax related FUD happening in crypto rn
What do you think? Subscribe for more!
Disclosure: I am long on Shiba on a 3-5 year timetable - not financial advice just my take
So here's my hypothesis: Shiba will bottom out around the .35-.40 support levels and continue trading sideways before the start of the next big move up.
Why? Let's take a look at the last time RSI levels fell bellow sub-30 (first green flag), Shiba during the past few weeks have tapped that sub-30 level again a few times which tells me it could be oversold at current levels (yes-meme coins can be oversold too!)
All of the above aside, SHIB will ultimately move w/ BTC - and there is some major tax related FUD happening in crypto rn
What do you think? Subscribe for more!
Disclosure: I am long on Shiba on a 3-5 year timetable - not financial advice just my take
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.