So we're in a bit of a standstill with Shib. Fud in the market saying that Shib is a "speculative" trade. Yeah, so was Google and Apple once upon a time too. They always say this, it's just how the market moves.
Rationally. We're in the top 10 cryptos in the world, and it took just over a year. We beat Doge by market cap. Like you, I fundamentally believe it has a long way to go yet. Remember, they always talk about the circulating supply of Shib, while Doge has a limitless supply.
Shib has an ongoing plan to burn coins. It will happen, and the price will go up.
So as you can see from past chart analysis, it does a good job of following the "rules" of trading. I've found it's very trustworthy when it comes to Technical Analysis.
At this point, it looks as though we're in a consolidation phase, and what we really need is a big strong Bull with a few billion up their sleeves to swing in and bring back that market confidence.
Rationally. We're in the top 10 cryptos in the world, and it took just over a year. We beat Doge by market cap. Like you, I fundamentally believe it has a long way to go yet. Remember, they always talk about the circulating supply of Shib, while Doge has a limitless supply.
Shib has an ongoing plan to burn coins. It will happen, and the price will go up.
So as you can see from past chart analysis, it does a good job of following the "rules" of trading. I've found it's very trustworthy when it comes to Technical Analysis.
At this point, it looks as though we're in a consolidation phase, and what we really need is a big strong Bull with a few billion up their sleeves to swing in and bring back that market confidence.
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Related publications
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.