SHIBA INU BULLISH??
Hey guys what's good! So here I have my technical analysis on the crypto currency SHIBA INU. As you can see on the 4H chart it is clearly forming a bullish pennant/flag. For those of you unfamiliar with this pattern, it essentially is in a period of consolidation which rises higher and higher and will eventually break and rally upwards. It is squeezing more and more and I can see the breakout happening soon possibly next week. This would be a great buying opportunity to new investors as well as current ones to buy more tokens. My price prediction realistically can be anywhere from .000045 - .000075 after this rally. This is my personal view on the technical side, Diamond Paws baby XD
SHIBUSD
The RSI indicator is also a factor in which I believe It is going to rise it is clearly below the 30 level. This paired with the overall analysis points toward a breakout of the bullish pennant.
SHIBUSDThe RSI indicator is also a factor in which I believe It is going to rise it is clearly below the 30 level. This paired with the overall analysis points toward a breakout of the bullish pennant.
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.