Shibatoken
Shiba Inu good for a short trade - Intradaycryptocurrencies are in the correction phase for the last few trading sessions on a daily timeframe.
Shiba Inu has fallen with good volumes. The volume trend suggests that the selling pressure is high.
The price is trading below 20ema. RSI is weak. MACD on 15min. the timeframe is in negative territory and on 5min. the timeframe has crossed below the Signal line.
SL- Slightly above 20ema
Target, nearest swing low.
Risk reward is attractive at around 3.
SHIBA INU gets ready for another bull rally; Plans to remove anoRight now, SHIB is riding inside a continuation pattern which eventually suggests a breakout from here. As per experts, an upward spike from here can turn into a massive upswing that can double the market value of the Shiba Inu. This is the reason to keep a close eye on the SHIB Shiba Inu’s price will continue to move in the same direction with a bull run flag with it. SHIB has already surprised the investors as it went to touch $0.0000885 on October 28 after rallying 220% in roughly six days.