SHIB - Ready to Cross Up Over the 20 DMA
Let me just start off by saying that I know there is a lot of noise around SHIB, and I warn anybody reading this not to bet the farm on this one. But its kinda like playing the lottery when the payout is really big. You just buy a ticket because its fun.
So you can see below, looking at the Bollinger Bands that as of right now, this coin is under the 20 DMA, in what is known as the 'sell zone' sometimes. With so many millionaires being made thanks to Shiba Inu, you should expect some profit taking after reaching an ATH of $0.000088 recently. Any sane person whose account went from 4 digits to 6 or even 7 digits would cash in.
But check out the Stochastic below. It shows that the selling pressure is over, and SHIB hardly touched the oversold condition, before dip buyers started coming in.
When SHIB peeks back over the 20 DMA, I believe this will fuel even more buyers to start grabbing as much SHIB as they can, before the price increases. If
SHIB can lose another '0', it will get more attention from the media, and a second '0' will be gone after that.
Every crypto buyer wishes they would have grabbed some
BTCUSD when it was cheap, and SHIB has really gotten the meme coin community's attention.
It is my personal belief that Shiba Inu coin has 2 more, possibly 3, big moves up left before 2021 is over.
So you can see below, looking at the Bollinger Bands that as of right now, this coin is under the 20 DMA, in what is known as the 'sell zone' sometimes. With so many millionaires being made thanks to Shiba Inu, you should expect some profit taking after reaching an ATH of $0.000088 recently. Any sane person whose account went from 4 digits to 6 or even 7 digits would cash in.
But check out the Stochastic below. It shows that the selling pressure is over, and SHIB hardly touched the oversold condition, before dip buyers started coming in.
When SHIB peeks back over the 20 DMA, I believe this will fuel even more buyers to start grabbing as much SHIB as they can, before the price increases. If
SHIB can lose another '0', it will get more attention from the media, and a second '0' will be gone after that. Every crypto buyer wishes they would have grabbed some
BTCUSD when it was cheap, and SHIB has really gotten the meme coin community's attention. It is my personal belief that Shiba Inu coin has 2 more, possibly 3, big moves up left before 2021 is over.
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