🔥 SHIBA Cycle Top Prediction: Fibonacci Analysis
We've all see the massive bullish move that SHIB made over the last couple of weeks. In today's analysis, I want to dive deeper into the potential cycle top for this token.
The 4.272 extension is widely used in crypto to determine potential tops for certain tokens. If we overlay the Fibonacci extension on the current chart, we can see the 4.272 extension around 20,000 (omitting zero's for readability).
So, assuming that the 4.272 Fibonacci extension is a valid top predictor, we can see that SHIBA still has some juice in it, around 300% to be exact.
What is your top prediction for SHIBA? Share your charts below.
The 4.272 extension is widely used in crypto to determine potential tops for certain tokens. If we overlay the Fibonacci extension on the current chart, we can see the 4.272 extension around 20,000 (omitting zero's for readability).
So, assuming that the 4.272 Fibonacci extension is a valid top predictor, we can see that SHIBA still has some juice in it, around 300% to be exact.
What is your top prediction for SHIBA? Share your charts below.
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