Shiba Inu Analysis: Shib Broke Out, What Next?
Introduction
In a previous video, where we discussed shiba inu was having major resistance and was trading in a great demand area. The idea was to see shiba inu break out of this resistance, Now that we have seen Shib Broke Out, What Next? In today’s video, I explain what to expect and also mention some important price areas. Hold on! Before I tell you this, there is something I must get out of the way.
DISCLAIMER!!
I am not a financial adviser, all information you get from videos on this channel are meant for educational and entertainment purposes only. I am just a regular Joe, sharing my thoughts on crypto currencies. If this is something you enjoy, click on the subscribe button and remember to ping the notification icon so that you receive updates each time I make a video.
Shiba Inu Analysis: Shib Broke Out, What Next?
Now that we are clear on what we are doing on here, we can proceed in discussing what to expect now that shiba inu broke the trend line pheeew!!!.
There are three possible outcomes now that shiba inu just broke out. The first thing is, we could see shiba inu do a failed retest, in this case shiba inu, will continue in a downtrend.
If all the fall have been just a complex correction as evident by using fib retracement tool, then by using extended fib retracement tool, if we see a break out of the price range 0.00005356 – 0.00005633, then shiba inu will continue in an uptrend, otherwise we could see shiba inu play out the third scenario, which is, Shiba Inu could start trading sideways.
Conclusion:
Before investing into crypto currency or any asset, as a general rule of thumb, do not invest in what you do not understand. Trade shiba inu carefully and remember always, manage your risk properly, use good stop loss. If you have any doubts, leave a comment and I will answer right away. Thanks for reading/watching.
Follow my youtube channel for more videos and ideas
In a previous video, where we discussed shiba inu was having major resistance and was trading in a great demand area. The idea was to see shiba inu break out of this resistance, Now that we have seen Shib Broke Out, What Next? In today’s video, I explain what to expect and also mention some important price areas. Hold on! Before I tell you this, there is something I must get out of the way.
DISCLAIMER!!
I am not a financial adviser, all information you get from videos on this channel are meant for educational and entertainment purposes only. I am just a regular Joe, sharing my thoughts on crypto currencies. If this is something you enjoy, click on the subscribe button and remember to ping the notification icon so that you receive updates each time I make a video.
Shiba Inu Analysis: Shib Broke Out, What Next?
Now that we are clear on what we are doing on here, we can proceed in discussing what to expect now that shiba inu broke the trend line pheeew!!!.
There are three possible outcomes now that shiba inu just broke out. The first thing is, we could see shiba inu do a failed retest, in this case shiba inu, will continue in a downtrend.
If all the fall have been just a complex correction as evident by using fib retracement tool, then by using extended fib retracement tool, if we see a break out of the price range 0.00005356 – 0.00005633, then shiba inu will continue in an uptrend, otherwise we could see shiba inu play out the third scenario, which is, Shiba Inu could start trading sideways.
Conclusion:
Before investing into crypto currency or any asset, as a general rule of thumb, do not invest in what you do not understand. Trade shiba inu carefully and remember always, manage your risk properly, use good stop loss. If you have any doubts, leave a comment and I will answer right away. Thanks for reading/watching.
Follow my youtube channel for more videos and ideas
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.