Shiba Divergence Signal?
Updated
DESPITE The market enviroment and ethereum & bitcoin noise being tossed around in the news fundamentally. In a literal and Technical way some of our current established tokens have not done all that bad. It seems that the web-3 adjective that we seemingly moved on to from the defi-buzz has stuck with the market and any affinity shown to alt-coins and Crypto-currency projects has ultimately resulted in the total crypto cap going down significantly. Now that we have gotten a grace period if you will not exactly week but good volume on a good number of pairs it begs the question. Are investors finally taking matters into their own hands and actually seperating the respective coins from the startups/projects and business proficient enviroments which also include other projects that when given the gyst we would assimilate to as tokens for small businesses. Now shiba-inu is a VERY controvertial token such as others head my warning when investing of any kind, justly and fairly posting my opinion. Like i said Bitcoin And Ethereum are all over the headlines.
If investors are indeed making this transition nto a new market enviroment, given the correct volume and momentum they could fall for the use case FOMO. On the 4H-WEEKLY It seems like shiba-inu is entering familiar territory as it did last year second quarter beginning before ultimately declining hard. This year we had a very volitale and unpredictable Q2 where we saw Prominent machine learning and ai along with projects who aspired to innovate do really well before their luck ran out and the inclination stopped. Now back to the FOMO & Shiba claim, a divergence on the rsi has appeared on the weekly and 4h. Relating this to our last years second quarter which did really bad for
SHIB we are at a similar rsi level with several deviations and attempts that have led up to no major decline for some holders. Putting it this way if we take a look and want to appreciate the seasonality while remaining strategic we can observe the fud surrounding Bone and Leash's debut on shibarium which had similar media coverings and I took notice of again in Q2 2023 where the volume ultimately went to other projects
If investors are indeed making this transition nto a new market enviroment, given the correct volume and momentum they could fall for the use case FOMO. On the 4H-WEEKLY It seems like shiba-inu is entering familiar territory as it did last year second quarter beginning before ultimately declining hard. This year we had a very volitale and unpredictable Q2 where we saw Prominent machine learning and ai along with projects who aspired to innovate do really well before their luck ran out and the inclination stopped. Now back to the FOMO & Shiba claim, a divergence on the rsi has appeared on the weekly and 4h. Relating this to our last years second quarter which did really bad for
SHIB we are at a similar rsi level with several deviations and attempts that have led up to no major decline for some holders. Putting it this way if we take a look and want to appreciate the seasonality while remaining strategic we can observe the fud surrounding Bone and Leash's debut on shibarium which had similar media coverings and I took notice of again in Q2 2023 where the volume ultimately went to other projectsNote
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