Check out the trade plan for SHIB today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
Take a look at the descending channel formed. Here we are on a bearish flag running on the 4th impulse inside the channel. If we see any bearish breakout confirmation, then we will see another revisit towards the support1. By any chance, if the price fails to hold the bears on the S1 zone then we will see a further crush towards the support 2 areas. This will lead SHIB to another 30% Depreciation on the Daily timeframe.
Take a look at the descending channel formed. Here we are on a bearish flag running on the 4th impulse inside the channel. If we see any bearish breakout confirmation, then we will see another revisit towards the support1. By any chance, if the price fails to hold the bears on the S1 zone then we will see a further crush towards the support 2 areas. This will lead SHIB to another 30% Depreciation on the Daily timeframe.