SHIB is currently in a descending ABC correction and we're in wave C now, which has 5 subwaves. We are currently in subwave 4 and expecting one more drop for subwave 5.
Once price drops once more, we can get ready to buy Shiba Inu. We have a level marked out, which has previously acted as strong support. Price could very well retest that level once more before seeing bullish price. That will be our first point of interest when price makes its way down for the 5th subwave.
No trade idea as of yet but we'll update this chart with a lower timeframe analysis once we see the 5th wave down.
What do you guys think?
Once price drops once more, we can get ready to buy Shiba Inu. We have a level marked out, which has previously acted as strong support. Price could very well retest that level once more before seeing bullish price. That will be our first point of interest when price makes its way down for the 5th subwave.
No trade idea as of yet but we'll update this chart with a lower timeframe analysis once we see the 5th wave down.
What do you guys think?
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Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
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Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.