Hey guys, this is Julie 😄
Let’s talk about SHIBA INU today:
SHIB is in an important region today, it has just reached the 21 EMA on the daily and weekly chart, which means that something good might happen soon.
SHIB has been falling since October, but it seems to have only been a pullback to the support level, which coincides with the 21 EMA.
On the hourly chart, we have an amazing bull trend, but I'm not sure we can trust it yet (unfortunately, I can't show the chart image).
We've seen SHIB doing this before, as you can see in that pink circle: the price closed above the 21 EMA, but the next candle formed a bear engulfing, and the price fell again.
So, because of that, I would wait to buy SHIB. It would be nice if it closes above this green line today, but I'd rather wait and see what will happen tomorrow.
And that's it for today. Thanks for reading my analysis! Please, support me with your like and subscription! 😊
Have a nice day! 😉
Let’s talk about SHIBA INU today:
SHIB is in an important region today, it has just reached the 21 EMA on the daily and weekly chart, which means that something good might happen soon.
SHIB has been falling since October, but it seems to have only been a pullback to the support level, which coincides with the 21 EMA.
On the hourly chart, we have an amazing bull trend, but I'm not sure we can trust it yet (unfortunately, I can't show the chart image).
We've seen SHIB doing this before, as you can see in that pink circle: the price closed above the 21 EMA, but the next candle formed a bear engulfing, and the price fell again.
So, because of that, I would wait to buy SHIB. It would be nice if it closes above this green line today, but I'd rather wait and see what will happen tomorrow.
And that's it for today. Thanks for reading my analysis! Please, support me with your like and subscription! 😊
Have a nice day! 😉
