SHIBUSDT Analysis
Updated
Shiba Inu has been a range market since June this year. The market bulled up after its listing on the coinbase platform to 0.00950 but couldn't break above the resistance zone of the range and came back down to 0.00674.
SHIBUSDT
It's obvious the Shiba market is waiting for Bitcoin to make a move as the market seemed to dip at every point BTC dips and rises as BTC rises.
The Market is now squeezing between 2 possible scenarios which are either a break above or below the triangle.
For now, we can still say that the Shiba market is still bullish as it hasn't broken the previous HL at 0.00685. Now we wait to see, will the market hold at the current at 0.00725.
We never predict the market, we follow what we see on the charts.
SHIBUSDTIt's obvious the Shiba market is waiting for Bitcoin to make a move as the market seemed to dip at every point BTC dips and rises as BTC rises.
The Market is now squeezing between 2 possible scenarios which are either a break above or below the triangle.
For now, we can still say that the Shiba market is still bullish as it hasn't broken the previous HL at 0.00685. Now we wait to see, will the market hold at the current at 0.00725.
We never predict the market, we follow what we see on the charts.
Trade active
The market held @0.00725.Price has broken strong daily resistance at 950/1000.
We are looking at 2500 if BTC keeps bulling.
Hodl
Note
Hey guys, we got to 2500.If BTC can break the current price @52750 which is the major resistance since the month of September.
Shiba Inu price will scale up to 3500. Shiba is stalling a bit to see what mother crypto will do.
Trade closed: target reached
The market got our profit at 3500. Look out for another update video analysis here on my page.
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