Shiba Inu Escape Alert! ๐
But before we move forward, please click the Follow button to be notified every time I create a new post or article...
Hello crypto enthusiasts! ๐ Ready for some SHIB excitement? ๐๐ฐ Letโs dive into the Shiba Inu (SHIB) price analysis.
SHIB attempts its fourth breakout of a 570-day descending resistance line. ๐ In the short term, we find ourselves at the crossroads of diagonal resistance levels. Is it going to burst? ๐ค
On the weekly chart, things look promising. Despite three rejections, SHIB could break above the long-standing descending resistance trendline. The RSI signals bullish vibrations, hinting at bullish momentum. ๐
Daily chart analysis reveals SHIB dancing within ascending parallel channels. The daily RSI is above 50, pointing towards a breakout. ๐บ If successful, we could see SHIB reach around $0.0000128. ๐ But be careful! Failure could result in a 25% decline to $0.0000080. Are you interested in risk assessment? โ๏ธ
Remember that trading decisions should be made cautiously and based on an assessment of individual risks. ๐ผ
And now, the finale! Don't forget to like, share and leave your thoughts in the comments. Stay tuned for more crypto sites! ๐ Your generous contributions support our mission, allowing us to provide you with the best investment advice. Tips are like crypto fuel to us! ๐ฅ
Warning: Investing in cryptocurrency involves risks. Always do your research and consult financial experts. ๐จ
Happy trading and may SHIB be with you! ๐๐
โค๏ธ If you found this helpful, consider tipping me via the Binance Tipping feature. Your generosity will help me continue providing high-quality content. ๐๐ฟ
