This chart looks amazing and Shiba Inu (SHIBUSD) is in a great position right now... Don't believe it? Just watch!
Make sure to boost, like, comment and follow as we dive into this analysis.
Shiba Inu Goes Bullish
This huge black line on the chart represents a major downtrend that started February peak price, it has been going and going and is finally broken.
This is a 6 months long downtrend that finally came to an end. There is no doubt, 100% clear/certain, as the downtrend is over a new uptrend comes up next. Uptrend = explosive growth!
The MACD bottomed November 2022 and hit a higher low June 2023, producing a major bullish divergence for this pair, SHIBUSD... See it for yourself:
You see, SHIBUSD hit a lower low in June while the MACD hit a higher low... This is a strong signal that always predicts a reversal, it is just how it works. If not now later, but the trend is about to change.
The potential for growth is also great, within this same wave, we can see 80% fast and up to 190%... You can find the targets and support levels on the chart.
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