SHIBA-INU PERSONAL ANALYSIS IN THE LONG TERM

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Chart shows common supports and resistances based on price action and fibonacci. The total evaluation for SHIBA-INU is bearish. The coin has no convincing healthy price action for a bullish sentiment to even begin, the huge upsides are only abrupt and fueled by purely market sentiment. The total supply of the coin as well conflicts with the potential of getting at least 0.001$ due to its market cap needing more money to reach there than BTC/ETH. If in any case that a person has witnessed of an ongoing rally of SHIBA in the future, the most commendable strategy is to short at a later point in time with the Relative Strength Index shouting oversold even in a daily timeframe.

Until the coin itself established strong supports and not just pump and dump intervals, there could be a chance it would retain its value above the strong support in the red fibonacci.

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تم فتح الصفقة

Due to the positive news of FED today, the move to the upside is kinda more likely but since coin is very prone to manipulation, please PAY attention to the heights it can deliver. Please do not attempt to short it when it pumps 100% over, also do not consider putting large buy orders but only soft buys. Thanks!