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Shiba Inu Trades Above Support (35% Potential Target)
Shiba Inu / Tether USD
Long
Shiba Inu Trades Above Support (35% Potential Target)
By AlanSantana
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Jul 10, 2022
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Jul 10, 2022
Shiba Inu (SHIBUSDT) has been recovering ever since the 18-June low.
We can appreciate two cup patterns.
The light blue marked space is for support.
SHIBUSDT is trading above EMA10, EMA21 and EMA50 on the 12H timeframe with a strong RSI.
Trading above EMA10 = bullish potential short-term.
We are bullish above 0.00000930.
This is our stop-loss.
You can find the 35% target mapped on the chart.
This is not financial advice.
Thank you for reading.
Namaste.
--
Previous trade idea:
altcoins
Beyond Technical Analysis
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crypto
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