Simple Analysis on SHIBA purely technical. I am not looking into fundamentals right now. Shiba Inu, the token tagged doge killer is on the move, risen from the dead and it's strong at the moment.
Huge Buy/Sell heat map as seen around the 0.00002039 - 29 price action area. The sell pressure push it down nearly 50%, it bounced, and made Higher Low which is positive for the bulls. Though failed to make Higher High due to resistance area buy sellers.
There seems to be some fundamentals driving this parabolic move, momentum is still strong. Huge support at 0.0000022 price level, which may prevent seeing SHIBA price slip below here for a while, except BTC crashes altcoins generally.
As long we don't break the trendline down, we are good for another parabolic move to break the top resistance.
Follow 🚶 and Like for daily analysis on your favorite coins
Huge Buy/Sell heat map as seen around the 0.00002039 - 29 price action area. The sell pressure push it down nearly 50%, it bounced, and made Higher Low which is positive for the bulls. Though failed to make Higher High due to resistance area buy sellers.
There seems to be some fundamentals driving this parabolic move, momentum is still strong. Huge support at 0.0000022 price level, which may prevent seeing SHIBA price slip below here for a while, except BTC crashes altcoins generally.
As long we don't break the trendline down, we are good for another parabolic move to break the top resistance.
Follow 🚶 and Like for daily analysis on your favorite coins
