SHIBA, two main reasons for the coin to start rising❗❗
Updated
SHIBA INU has been in a downtrend for the second month now, the price has already corrected 67% from its high. The price is now in the liquidity zone that we pointed out a month ago.
From a technical analysis point of view, the price has been setting lower highs and lows for a long time, which is bad, to improve the technical situation the price should update the local high and set a series of higher highs and lows. Price is now starting to squeeze near the trend line, in case of a breakdown there could be a good opportunity for growth and a trend reversal. In case of a breakdown of the global trendline the situation will change dramatically for the better.
Sometimes we share signals, if you want to receive them, we advise you to subscribe to our trading view and other platforms, all links below, in the comments leave your questions and the name of the coin you want us to analyze. 💚
From a technical analysis point of view, the price has been setting lower highs and lows for a long time, which is bad, to improve the technical situation the price should update the local high and set a series of higher highs and lows. Price is now starting to squeeze near the trend line, in case of a breakdown there could be a good opportunity for growth and a trend reversal. In case of a breakdown of the global trendline the situation will change dramatically for the better.
Sometimes we share signals, if you want to receive them, we advise you to subscribe to our trading view and other platforms, all links below, in the comments leave your questions and the name of the coin you want us to analyze. 💚
Trade closed: target reached
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