HEY ,SUP GUYS and Girls !
Welcome to my new analysis today ,
Since November 29 Apr 2022 , that I updated Shiba Inu , it has been declining till now , actually in previous analysis , I told you guys It should maintain the pivot zone if it want to rise , also I emphasized that shiba will more likely correct upon the lower support zone , but to be honest I didn't expect as much as this current crash !
So today , as you can see in weekly timeframe shib/usdt , as a Meme coin it has lost more than 90% of its worth from ATH in a bearish movement so far , but we shouldn't expect a sharp impulse upward move as a correction right now , because the crypto market and Meme coins needs time to recover and consolidate for a while! so it can fall little bit more upon the lower support level , but in order to have a new bullish movement first of all should maintant this current support zone and breakout the descending trendline , the bulls can raise the price to the first resistance zone and so on !
โ๏ธ Good luck with your trading and investing and remember: Trade smartโฆOR JUST DONโT TRADE!
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses please follow me , give a big thumbs ๐ OR drop a comment ๐ฏ
Welcome to my new analysis today ,
Since November 29 Apr 2022 , that I updated Shiba Inu , it has been declining till now , actually in previous analysis , I told you guys It should maintain the pivot zone if it want to rise , also I emphasized that shiba will more likely correct upon the lower support zone , but to be honest I didn't expect as much as this current crash !
So today , as you can see in weekly timeframe shib/usdt , as a Meme coin it has lost more than 90% of its worth from ATH in a bearish movement so far , but we shouldn't expect a sharp impulse upward move as a correction right now , because the crypto market and Meme coins needs time to recover and consolidate for a while! so it can fall little bit more upon the lower support level , but in order to have a new bullish movement first of all should maintant this current support zone and breakout the descending trendline , the bulls can raise the price to the first resistance zone and so on !
โ๏ธ Good luck with your trading and investing and remember: Trade smartโฆOR JUST DONโT TRADE!
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses please follow me , give a big thumbs ๐ OR drop a comment ๐ฏ
