Where Is Shiba Inu Headed Short-Term? Bearish & Bullish Scenario

After the new All-Time High for Shiba Inu (SHIBUSDT) 27-Oct., we can see that first EMA21 was tested as support followed by EMA50.

After EMA50 we have a lower high with the current candle moving below EMA10 while challenging EMA21.

Volume is very low here, but if EMA21 (0.00006899) breaks, we will see SHIBUSDT move a leg lower and test the 0.00004847 - 0.00005150 price range. This is the main support on a bearish move and where prices can bounce (red to green arrows).

But what about the bulls?

We can see bullish momentum build up again above 0.00007481 but the ATH will remain as strong resistance. (blue arrow)

Are you still holding your SHIBs?
Did you take profits?

What's your strategy for this Altcoin?

Share with us in the comments section below.

Namaste.

Comment:

There you have it.
The correction speeds up.