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Saturday, November 9, 2024

November 09, 2024 at 05:57PM What's next

What's next

SHIBA INU / Tether COINBASE:SHIBUSDT

Is the double bottom formation complete even though the day chart candle did not print yet? there is a possibility of a slight pull back, a correction? hypothesizing because of the double bottom and the successful and blessed positive move after that.

Positives- weekly candle is above the 50 EMA
Day candle currently over 21 and 50 EMA
Weekly Chart has cup and handle forming
Negatives- SRSI and RSI and CCI on day chart both indicate asset is overbought. Very close to a key level possible resistance.


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