SHIBA INU Giant Bull Flag?

Oct 14, 2021

Although we just saw a recent drop in Shiba, it looks like it's found support along the major trendline forming what could be a large Bull Flag on the 4 hr charts. This is not financial advice, but I'm still long for Shiba Inu.

Oct 14, 2021

Note

PS - The Stochastic RSI indicator at the bottom of the screen also shows that on the 4 hr charts Shiba is oversold, meaning we should see some buying action shortly.

Oct 15, 2021

Note

Looks like Shiba fell through support at .000027 and has found new buyers as low as .00024. I believe that the CO is simply pushing down the price temporarily in order to accumulate as much SHIBA INU as possible before the next big push. I'm still long for Shiba Inu but I'm not expecting to take gains for several weeks to months (personally) although this coin could be very well recovered much sooner.