hello everyone.
Shiba is currently the number 1 trending crypto in coinmarketcap chart (daily), 8 (weekly).
so it is very hyped and wherever it is going it'll be massive. let's check our data:
1. in the daily timeframe we don't have a trendline and in the weekly timeframe it has broken out falling trendline and now it is in a parallel channel.
2. 50 EMA crossed 200 EMA and price is below 200, both bearish signals.
3. MACD shows us a bearish signal
4. I see some sort of bullish divergence in RSI.
5. Shiba formed a symmetrical triangle pattern which regularly happens at the end of the wave.
completely uncertain situation with mixed signal
I'll keep you guys updated if any confirmed signal I found.
🚨 Disclaimer: this is not a piece of financial advice always do your own research.🚨
Shiba is currently the number 1 trending crypto in coinmarketcap chart (daily), 8 (weekly).
so it is very hyped and wherever it is going it'll be massive. let's check our data:
1. in the daily timeframe we don't have a trendline and in the weekly timeframe it has broken out falling trendline and now it is in a parallel channel.
2. 50 EMA crossed 200 EMA and price is below 200, both bearish signals.
3. MACD shows us a bearish signal
4. I see some sort of bullish divergence in RSI.
5. Shiba formed a symmetrical triangle pattern which regularly happens at the end of the wave.
completely uncertain situation with mixed signal
I'll keep you guys updated if any confirmed signal I found.
🚨 Disclaimer: this is not a piece of financial advice always do your own research.🚨
