Shiba Inu Coin Technical analysis
Hello everyone welcome back to another update
Hello ladies and gentlemen as you can see This Zone as support you can see that the bulls actually failed to hold that level as support and once again we are now testing a crucial support looking at the current price action you can see that this level has already been tested once twice and now this is going to become the third test opportunity usually on the third test we tend to see a breakdown formation so be very cautious if you guys are looking for some buying opportunities here
the daily time frame it will give us a perspective of where things are likely to go looking at the daily as of right now you can see the fact that we continue to retest our exponential moving averages as resistance which of course is letting us know that the Bulls are not in control but the Bears are actually in control and if we want to look for a wicked opportunity or a buying opportunity all we have to do is pay attention to where the next Wick opportunity is that level would be around the 19 support So if we do manage to see Shiba inu see a breakdown formation that would be the first level of a buy if we are seeing for that continuation of course if the market structure ends up breaking below that again then the second level of opportunity to buy would be around the 11 range
see you in another update Please Don't forget to upvote, resteem, and comment...
