Do YOU KNOW HOW TO ANALYZE $SHIB GRAPH?
Here are some ways to analyze the Shiba Inu (SHIB) graph:
>}Identify support and resistance: Look for areas where the price has previously found support or resistance.
>}Use technical analysis: Study past price movements to predict future trends.
>}Look for patterns: Some patterns, like the Cup and Handle, can signal a potential breakout.
>}Consider the volume: Volume tops and bottoms can correspond with price tops and bottoms.
Here are some insights from recent Shiba Inu graph analysis:
Medium long term
SHIB has broken through the floor of a rising trend channel, which may indicate a slower rising rate or a more horizontal development.
Short term
$SHIB has broken a support level, which may be a negative signal for short term trading.
Cup and Handle pattern
SHIB is showing a Cup and Handle pattern on the daily chart, which could signal a significant breakout. The breakout target is $0.00004400, which is nearly double the current price.
Price change
SHIB's price change over the last 24 hours is -0.69%, and over the last 7 days it's -23.67%.
No method can predict prices with 100% accuracy because of the market's volatility.