SHIB/USDT : Neutral - trading range with downside risk

SHIB/USDT : Neutral between 0,00003900 and 0,00002400 - trading range with downside risk

Shiba Inu has been created to see if a perpetual decentralized organization could work with no central leadership
Once upon a time, there was a very special dog. That dog was a Shiba Inu, and this dog inspired millions of people around the world to invest money into tokens with the dog's image on it

Shiba Inu Supply

Circulating Supply 549 063 278 876 302 SHIB
Total Supply 589 735 030 408 323 SHIB
Max Supply 1,000,000,000,000,000 SHIB

With a very large supply in circulation and a mysterious leadership to drive the sensibility of the volatility Shiba Inu is a high risk asset based on hope and irational price anticipation... No business behind

Tactical view (Mid-term 1 to 3 weeks)

The Elliott wave account is in line with the supply set up of the token, there is still a possibility to print lower on this token after having completed the trading range / pause on going in wave 4

Preference for a trading range between between 0,00003900 and 0,00002400 with a recommandation to swap the SHIB to another strong Tokens in the Network & Protocol thematic or Metaverse/NFT thematic

Strategic view (Long-term 3 to 12 Month)

Only a break of 0,00003900 resistance and 0,00002400 support will provide a directional view - However a significant new bearish move approaching the 0,00003900 resistance can't be ignored

Enjoy