Another attempt to shake out longs while the broader crypto market looks more attractive causing you to sell. This is obviously meant to eliminate leveraged buyers & long-term holders who will throw in the towel chasing more lucrative alt coins positions. A test of Shiba-holders real strength.
Note: This head & shoulders is drawn using the line chart.
p.s. The next major long-term resistance is the orange line at 1150 again using the line.
Note: This head & shoulders is drawn using the line chart.
p.s. The next major long-term resistance is the orange line at 1150 again using the line.
Note
Voided,Now looks like shiba is about to blow up! It was just a head-fake.
New chart coming soon.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.