Hey guys what's good! So here I have my technical analysis on the crypto currency SHIBA INU. As you can see on the 4H chart it is clearly forming a bullish pennant/flag. For those of you unfamiliar with this pattern, it essentially is in a period of consolidation which rises higher and higher and will eventually break and rally upwards. It is squeezing more and more and I can see the breakout happening soon possibly next week. This would be a great buying opportunity to new investors as well as current ones to buy more tokens. My price prediction realistically can be anywhere from .000045 - .000075 after this rally. This is my personal view on the technical side, Diamond Paws baby XD
SHIBUSD
The RSI indicator is also a factor in which I believe It is going to rise it is clearly below the 30 level. This paired with the overall analysis points toward a breakout of the bullish pennant.
SHIBUSD
The RSI indicator is also a factor in which I believe It is going to rise it is clearly below the 30 level. This paired with the overall analysis points toward a breakout of the bullish pennant.