Many people have fomoed into SHIB and as it is branded as the dogekiller, many have even sold their DOGE to buy SHIB. This is a classic contrarian indicator and could signal a pump in the price of DOGE while SHIB consolidates from the latest bullrun.
In yellow overlay is SHIB. As shown they are clearly moving in opposite directions.
In yellow overlay is SHIB. As shown they are clearly moving in opposite directions.
Note
Expect at least a 10% increase from here around 0.35 and then possibly 0.40Note
Volume is strong and steady in the short term, If 0.40 is hit with strong momentum, 0.5 could be soon next. We will see over the next 2-12 hours
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.