Shiba Inu (SHIB), a cryptocurrency that initially started as a joke but quickly grew into a popular investment and trading tool, is the subject of our analysis today.
We dive into the price forecast for SHIB, supported by insights from our Discord community where we regularly share analyzes and live streams.
Technical analysis shiba inu (SHIB) price
The analysts at Crypto Insiders shared the analysis below a few days ago. As we can now see, this was very accurate. In the Discord area they said the following:
“Shiba Inu shows an interesting formation on the chart with the formation of a ‘golden pocket’ around $0.00002082. This zone is crucial as we expect that SHIB is likely to find support here.
Given the support this zone has historically provided, it appears to be a strong candidate to serve as a springboard for a potential upward move. We anticipate that the price will move into this golden pocket and find stability there, which could be the starting point for a recovery.
Our first target for this potential recovery is the order block above the current position, located around $0.000036. This level represents a key target where we could potentially expect significant resistance or a tipping point.”
As we can now see, the price has fallen perfectly towards the golden pocket, and is now also on the expected upward movement. The analysts keep a close eye on the targets in the Discord environment.
Good news for Dutch crypto traders
The new partnership between Bybit and SATOS, which has a license from the Dutch Bank, gives Dutch traders access to 400 new cryptocurrencies. Bybit offers the largest range of cryptocurrencies in the Netherlands. Don’t have a Bybit account yet? Register via this link and receive 20 euros in crypto as a welcome gift.
Need help?
In our Discord community you will find our extensive trading plan with all the latest updates. Here you enter a safe place where traders of all levels exchange knowledge. Ask your questions to expert analysts and top traders about trading, market trends and crypto topics in a vibrant community. We also organize weekly live streams and webinars for traders who want to delve deeper into technical analysis.
Join the conversation on Discord
Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences. These are therefore for educational purposes only.
Post Views: 914
 starts forecast rise from ‘golden pocket’){kind=link}