After making some folks a lot of money and a lot of hype following, SHIB has cooled off.
Daily Chart Analysis
After breaking out of an ascending triangle, SHIB made a 180% move in 5 days topping out at 0.00008880. From there we saw a series of lower highs into support level @ 4845. In Nov ’21, it broke down from support, pulled back and turned support into resistance. It has been in a downtrend since. Downtrend looks to be strengthening and its looking to respect 20ema. Price has pulled back to 20ema. This is my que to enter.
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