Shiba Inu – A potential increase in buying pressure that pushes the Shiba Inu price to produce a decisive four-hour candlestick close above $0.00006490 will confirm the start of a rally.
“However, for investors who want to be more certain, secondary confirmation comes after the Shiba Inu price produces a higher high above $0.00008590.”
On the other hand, he points out that if the Shiba Inu price fails to gain traction and rises higher, it will suggest that the buying pressure has eased. In that case, the SHIB could go down and retest the demand zone ranging from $0.00003280 to $0.00004460.
“However, a daily closing candlestick below $0.0004460 will invalidate the bull flag’s bullish thesis for Shiba Inu’s price.”
The post Shiba Inu should have another 200% high, says analyst appeared first on Update on Bitcoin.
Source: https://updateonbitcoin.com/shiba-inu-should-have-another-200-high-says-analyst/
