Shiba Inu analysis; Crypto To The Moon #48.

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2 years ago

Topics: Crypto To The Moon, Shiba inu, Analysis

DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.

With that being said, let's get into it;

Shiba Inu has also been greatly affected by the bearish state of the crypto market as we drastically dropped in Price.

Previously after retesting on one of the trend lines, we got bullish as we surpassed $0.00003000 but not for so long as we eventually reached a resistance zone or area.

Upon reaching the resistance zone, it starts to go bearish slowly. Finally approaching a new support zone, we started to go on a zigzag like pattern for sometime, then retesting the resistance zone for the last time.

After that final retest, we immediately started going on a bearish streak, further breaking the second support zone and going bearish further as we're currently priced at about $0.00001864 after making this analysis.