THOUGHTS ON SHIBA
HELLO,
SHIBA is currently headed back down to the .00005740 support line.
A number of things could occur:
1. SHIBA reaches support line and consolidates for days.
2. SHIBA reaches support, bounces off of it and begins anther leg up.
3. SHIBA breaks right through support and continues bearish movement to the dashed or dotted suport lines.
Right now, my bets are on #2 as it seems most of the market has moved into ELONDOGE for the time being and I do not see enough volume for SHIBA right now.
Updates to come.
:)
SHIBA is currently headed back down to the .00005740 support line.
A number of things could occur:
1. SHIBA reaches support line and consolidates for days.
2. SHIBA reaches support, bounces off of it and begins anther leg up.
3. SHIBA breaks right through support and continues bearish movement to the dashed or dotted suport lines.
Right now, my bets are on #2 as it seems most of the market has moved into ELONDOGE for the time being and I do not see enough volume for SHIBA right now.
Updates to come.
:)
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