✴️ Shiba Inu Flat Correction, Double Bottom & Recovery

9 Jun 2023

So far we've seen many variations when it comes to the different Altcoins and the current ongoing correction.

While some of the Altcoins remained really strong and near resistance, others moved and produced higher lows while some others went on to hit lower lows.

With tens of thousands of Altcoins projects now available, it is normal for us to find tons of variations.

Shiba Inu is showing classic 3-3-5 Flat correction based on Elliot Wave Theory. (Keep in mind that the last wave can go a bit lower but the end of the correction is surely close.

We have a double bottom as well.

This is a great chart setup.
A very simple strategy can be used to be successful here, buy and hold.

This is not financial advice.

Namaste.