Price prediction for SHIB/USDT based on Indian Crypto Ban news
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Previously I shared my idea on SHIB/USDT 15mins chart and predicted the buy zone (Check the idea on my profile).
Now regarding the news which said India is going to ban crypto trading, I think the chart started another downtrend. Based on the new RSI update there are 2 scenarios:
1. The first scenario is that the chart goes down on downtrend channel and reaches the first head of arrow I mentioned for buy zone I have noticed, there the we should wait for RSI to give us buy signal on 50% up.
2. The second scenario is that the downtrend channel keeps going to the next arrow head (yellow one) I mentioned, if it does so, we need to wait for the second RSI trend line (blue one) to reaches 50% zone and give us buy signal.
P.S: There is always possibility that chart breaks up/down the trend line/channel and that's the time we need an update on this analysis. And don't forget the DYOR please!
Cheers
Now regarding the news which said India is going to ban crypto trading, I think the chart started another downtrend. Based on the new RSI update there are 2 scenarios:
1. The first scenario is that the chart goes down on downtrend channel and reaches the first head of arrow I mentioned for buy zone I have noticed, there the we should wait for RSI to give us buy signal on 50% up.
2. The second scenario is that the downtrend channel keeps going to the next arrow head (yellow one) I mentioned, if it does so, we need to wait for the second RSI trend line (blue one) to reaches 50% zone and give us buy signal.
P.S: There is always possibility that chart breaks up/down the trend line/channel and that's the time we need an update on this analysis. And don't forget the DYOR please!
Cheers
Nota
Are you ready for it?Stay tune, we should wait for the RSI signal to get into the market!
Nota
Scenario 1 is more probable now ^__^
Penafian
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