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Saturday, July 8, 2023

July 08 2023 at 09:32AM Shiba Inu bullish momentum building? Shib today analysis

Shiba Inu bullish momentum building? πŸš€πŸ”₯Shib today analysis


πŸ’ŽSHIB is currently making some fascinating moves, bouncing back from the support provided by the intersection of the horizontal and uptrend lines.

πŸ’Ž Another observation is that it has faced rejection from the EMA 50 twice. The uptrend could potentially kick off before encountering a 10% EMA 50.

πŸ’Ž The RSI being below 50 indicates that bears still have a hold on SHIB's price and could easily regain control if the bulls falter. If this occurs, the resulting selling pressure could push SHIB downwards.

πŸ’ŽIn the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey

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