Why I say SHIBA INCREASE is CLOSE

31 lug

We'll take a look at a few methods of chart analysis that ultimately says a Shiba Inu increase season is on the horizon.

✅ RSI

The RSI has been fair to low for an extended period of time. We also observe a bottom out on the RSI where an all time low is observed for the year, likely indicating the bottom is in:


✅ V-Shape Recovery
A strong V-Shaped recovery is observed in the 4h, indicating buyers were ready to scoop up lower prices:


So what are we waiting for?

👉Technical Indicator
In order to send SHIB, we will first need to see the price close ABOVE the trendline, at which point a "BUY" alert will go off:


What would invalidate my bullish sentiment, is IF the price is unable to et back above the trendline pointed out above on the technical indicator, and IF we lost the higher lows:


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SHIBUSDT