Long
SHIBBUSD - KEY TURNING POINT
Updated
Good morning, everyone!
Shiba Inu is about to get listed on Coinbase and, as you can see on the daily chart, the price has just found support on top of the first medium average line (on lighter red).
I had previously pointed out that Shiba had found its support around the 00000650/00000700 values, after the big drop that followed its Binance listing, and I also pointed out that we were getting more and more signals of a potential reversal.
On my last post, I pointed out that the price would have to wait for some media attention by getting listed on RobinHood, for example, where there is an online petition that already has 150000 signatures asking for that.
Well, we haven´t seen it listed on RobinHood yet, but yesterday Coinbase announced that it was going to list Shiba Inu, so its probable that we will see a big boost to SHIB in the near future.
All though this is an idea for SHIBBUSD, I have to point out the overall market behaviour in the last couple of days:
- We are living in a very unique period, and after the major shift of the last couple of days, it is highly likely that we are already experiencing a pullback and correction in the world markets.
Yesterday, the SP500 index has just had its first breach on the major upward trend line that had been unbroken since the beginning of its recovery after the Covid19 market crash in March 2020. This index regulates the prices for all the 500 big cap companies that are inside of it, and all of those companies prices depend on the movements of their index.
This being said. I would advise extra caution during the next week in terms of investments because, apart from the eminent Wall Street market crash that I strongly believe that we are about to experience during the next 2 to 4 weeks, with a correction of 10%, to say the least, and the potential start of a harsh bear market due to inflation and rising rates, just to name a few, it is highly likely that its effect will spread to crypto and that any investment right now is of very high risk.
Conclusion: Shiba Inu is about to get listed on Coinbase and the stock market is likely to be crashing hard, so choose your investments wisely and stay safe riding the markets out there.
Have a nice week.
Shiba Inu is about to get listed on Coinbase and, as you can see on the daily chart, the price has just found support on top of the first medium average line (on lighter red).
I had previously pointed out that Shiba had found its support around the 00000650/00000700 values, after the big drop that followed its Binance listing, and I also pointed out that we were getting more and more signals of a potential reversal.
On my last post, I pointed out that the price would have to wait for some media attention by getting listed on RobinHood, for example, where there is an online petition that already has 150000 signatures asking for that.
Well, we haven´t seen it listed on RobinHood yet, but yesterday Coinbase announced that it was going to list Shiba Inu, so its probable that we will see a big boost to SHIB in the near future.
All though this is an idea for SHIBBUSD, I have to point out the overall market behaviour in the last couple of days:
- We are living in a very unique period, and after the major shift of the last couple of days, it is highly likely that we are already experiencing a pullback and correction in the world markets.
Yesterday, the SP500 index has just had its first breach on the major upward trend line that had been unbroken since the beginning of its recovery after the Covid19 market crash in March 2020. This index regulates the prices for all the 500 big cap companies that are inside of it, and all of those companies prices depend on the movements of their index.
This being said. I would advise extra caution during the next week in terms of investments because, apart from the eminent Wall Street market crash that I strongly believe that we are about to experience during the next 2 to 4 weeks, with a correction of 10%, to say the least, and the potential start of a harsh bear market due to inflation and rising rates, just to name a few, it is highly likely that its effect will spread to crypto and that any investment right now is of very high risk.
Conclusion: Shiba Inu is about to get listed on Coinbase and the stock market is likely to be crashing hard, so choose your investments wisely and stay safe riding the markets out there.
Have a nice week.
Note
*lighter blue line - not red, sorry :P
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