SHIB Technical Analysis: The Local highs Are Reached

35% price growth for the week- a good result was recorded by SHIB buyers during the weekly candle from 20 June. Our May forecast for the price fall to the range of $0.00000720 has fully worked. After consuming the two previous weekly candles in just one week, buyers showed readiness for a global reversal in the SHIB market. Interestingly, the local fall of BTC price no longer affects altcoins as catastrophically as during May and early June. This suggests that the bulk of investors have been pushed out of the market and it is time to start a new trend – a growth trend. Source: https://www.tradingview.com/x/r4YoVTpq/ However, in our opinion, you can confidently buy SHIB in two cases. The first signal to buy is a break of the liquidity range $0.0000113-$0.000013 up. In this range, buyers managed to slow down the fall of SHIB for 4 weeks. Breaking up and fixing above this range will open the way for buyers to the target of $0.0000215. So far, this is the final target that buyers can achieve without deep correction and testing for strength. In the event that buyers fail to control the range of $0.0000113-$0.000013 by the current local attack, we will expect the SHIB price near $0.00000850. At this point, there will be a good chance to enter the market of investors who “slept” an aggressive price rebound. SHIB Technical Analysis On The Daily Timeframe Source: https://www.tradingview.com/x/E6Prg8gN/ Analyzing the movement of the SHI...