As requested by a follower, let's take a peek at SHIB. After a quick rally to the moon, SHIB is unfortunately back down. Is a 300% pump still a Shiba inu target? ๐ค Let's annalize together.
1. SHIB is a huge market cap coin, and can even pass as a king of meme, next to DOGE of course. Hence, it'll definitely take so much time before it'll be able to move a candle to the upside. In simple words, it will take so much money to move a single percentage of this token. Hence, if you're investing in SHIB, patience is always gold. If you're in a hurry, go for low cap, rug proof memes like #Pitbull
2. Let's go straight to the chart. For your reference, it is attached below. ๐ Good news is, the 16% rally we witnessed a few days ago has managed to break a strong resistance in the daily chart. Hence, a bigger double bottom has formed in the same chart. Price is however down, and is settling at a strong daily support. If this support can push the price up again, its going to form an inverse H&S.
3. The daily KDJ oscillator is loud and clear bullish. A rally back to 0.000035 is highly probable, and can even go up to as high as 0. 00007.
Yup 300% is still the SHIB target.
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