demand weakening, pump needing fuel
Unless we break upside 0.458 on sign of strength. I do expect a retracement down for shib.
Since demand has been in power since beginning of October, I would expect the need for it to decrease before, we have that drop, by testing again 0.458, having some more of it getting absorbed.
And overall, I would consider .37 as first retracement zone, and unless we test that area showing light supply, what I see is a break under it for price to go dip the 0.305 area. Which a test of this lower zone would obviously be confirmed by a break under 0.37 on heavy supply
4 hours observations
Daily
Weekly
Since demand has been in power since beginning of October, I would expect the need for it to decrease before, we have that drop, by testing again 0.458, having some more of it getting absorbed.
And overall, I would consider .37 as first retracement zone, and unless we test that area showing light supply, what I see is a break under it for price to go dip the 0.305 area. Which a test of this lower zone would obviously be confirmed by a break under 0.37 on heavy supply
4 hours observations
Daily
Weekly
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