SHIB/USDT: Bullish reversal on going

---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------

SHIB/USDT: Bullish reversal on going

Context
The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital asset Shiba Inu (SHIB) is suffering about negative global market situation, and with a massive total supply of 1,000,000,000,000,000 (55% of the supply in circulation) it is hard to see a fondamental bullish pressure to be set from the supply management.

Main ressources

Coin Market cap (Supply) =>coinmarketcap.com/currencies/shiba-inu/
Shiba Token (Website) = > shibatoken.com/


Market configuration

- Graphical Elements :
Graphical Resistance = 0,00001570/1930 & 0,00002840
Graphical Support = 0,00000950

- Mathematical Indicators:
EMA ( Exp Moving averages) are support = Bullish
RSI indicator (below) is reintegrating 50% = Bullish

- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target c B hasn't been already reached = 0,00000685
Fibonacci support of the wave (ii) = 0,00000950
Fibonacci Bullish Target = 0,00001930 & 0,00002840


Conclusion

Prefered case => As long as 0,00000950 remains support a further rise towards the upper part of the bearish channel at 0,00001570 before 0,00001930. After having reached those target a larger rise will be confirmed