Technical Analysis Update, Shiba inu Coin Today 04-04-2024

x3-comments (67)in #btc • 28 days ago

Hello Everybody Welcome to my blog. Today we are going to talk about the Shiba inu Coin

if we talk about shiba some few just some couple of weeks ago shiba was already down trading at 980 and now shiba is at 2,686 so to me shiba is still doing a pretty solid job and that's good to see

Let's look at the EMAs one time and you can already see that yeah a lot of coins actually kind of consolidating right now I would actually say it's more of a consolidation than than a dump to the downs I don't really think that crypto has dumped at all it hasn't things are still maintained I don't see any dump dump are actually more like 70% 80% and we haven't seen that maybe if shape does actually you know move down to 1182 I would actually say that's a big dump and a discount as well there's one thing that I think is really cool

If we check and that's on the 4Hour time frame here so if you look in the 4Hour time frame there was an instance where yes you couldn't make it to the upside I think this was a pretty much a manipulative move that we saw all over the board as well so if you look at shiba we had a small tiny probably a double bottom here and a break to the upside a nice good retest but still couldn't make it back up to the main technical Target of 3560

Bitcoin dropped to the downside and then we saw shiba dropping down as well but one thing that I think is actually pretty amazing is shiba understand this has broken above this little bit of a falling w which still indicates that at some point shiba is meant to go back up to 4468 back to the technical Target so now however you may have done this like that or you may look at something like this go up consolidate and then finally go back up this move is going to be a little bit unpredictable