🔥 SHIBA V-Shaped Recovery: Move To New Highs?
Yesterday I made an analysis on the massive sell-off of SHIBA. In this analysis I wrote that I expected a V-shaped recovery. SHIBA is still on investors' minds and people are waiting to buy the dip.
As expected, the dip was bought up massively, launching the price up after a minor period of consolidation. Congratulations if you took the trade.
For now, I'm expecting the price to encounter strong resistance around the prior target area. If SHIBA manages to close a daily candle above this area in the coming days, we might see SHIBA making a full recovery, potentially a new all-time high in time.
However, there's also a big chance for a reversal from here, also depending on the general state of the market.
My advice would be to wait for the confirmation of the trend.
Happy trading!
As expected, the dip was bought up massively, launching the price up after a minor period of consolidation. Congratulations if you took the trade.
For now, I'm expecting the price to encounter strong resistance around the prior target area. If SHIBA manages to close a daily candle above this area in the coming days, we might see SHIBA making a full recovery, potentially a new all-time high in time.
However, there's also a big chance for a reversal from here, also depending on the general state of the market.
My advice would be to wait for the confirmation of the trend.
Happy trading!
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