What goes up must come down. SHIB is no different...
Shiba has broken below the descending triangle and made it resistance. That settled it and price pushed much lower today dropping 20%...
Auch.
Where can this drop stop... well... on the daily timeframe, SHIBA did a MASSIVE bearish cross on MACD...
When this happens... it is not pretty and price can fall much more before a reversal can be expected. At best SHIB will bounce then drop some more.
The current support levels are all weak... the only true support with a good chance to stop the drop is at ... $0.000030. So SHIB has another 35% drop left to do in the pessimistic scenario...
On the optimistic side, maybe we find support before that... time will tel. This chart looks bad.
Like and follow if you like my idea!
Shiba has broken below the descending triangle and made it resistance. That settled it and price pushed much lower today dropping 20%...
Auch.
Where can this drop stop... well... on the daily timeframe, SHIBA did a MASSIVE bearish cross on MACD...
When this happens... it is not pretty and price can fall much more before a reversal can be expected. At best SHIB will bounce then drop some more.
The current support levels are all weak... the only true support with a good chance to stop the drop is at ... $0.000030. So SHIB has another 35% drop left to do in the pessimistic scenario...
On the optimistic side, maybe we find support before that... time will tel. This chart looks bad.
Like and follow if you like my idea!
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🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
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📣 Find more Alpha by joining Your Crypto Community:
🔹 Over 10,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 10,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
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