Hello everyone, this is my first post on TradingView and I am new to the financial universe, so please do not take anything I say too seriously.
I just thought I would give this publish option a try and share an idea about this crypto currency called SHIBA INU.
On the graph you can see the MACD signals in the selected 1 hour timeframe.
If you haven´t heard about this coin, I advise you to do a bit of research and check out SHIBA INU´s path up until it was recently listed on Binance... Long story short, it was booming for a long time and people were asking Binance to list it, so Binance went along and added it recently, and It spiked and crashed hard shortly after being listed there.
This is what brings us to the present moment:
- The data available on TradingView regarding BUSD only goes back that far (about 1 month), so this is why I wanted to share with you the MACD indicator I am using on the 1 hour timeframe.
This is the first hourly timeframe to show a potential reversal on the most recent bearish market behaviour regarding SHIBUSD, so if it continues to appear on the 2hr, 4 hr and daily timeframes, the reversal should have be proven by then. If not, it just kept going down :)