Stronger Drop Incoming for Shiba Inu
The 30-Nov. candle can be considered a failed breakout attempt.
When prices fail to move up, a retrace is necessary for the bulls to rebuy and reload.
After support is tested again, another challenge of resistance can happen.
Prices are now moving below EMA10/21/50.
Shiba Inu (SHIBUSDT) is now aiming lower.
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Conditions for change
If prices move and close above EMA21 (0.00004501), the bearish bias is invalidated.
Thank you for reading.
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Namaste.
When prices fail to move up, a retrace is necessary for the bulls to rebuy and reload.
After support is tested again, another challenge of resistance can happen.
Prices are now moving below EMA10/21/50.
Shiba Inu (SHIBUSDT) is now aiming lower.
---
Conditions for change
If prices move and close above EMA21 (0.00004501), the bearish bias is invalidated.
Thank you for reading.
Hit LIKE for more trade ideas, Altcoins & updates.
Namaste.
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