Hello, French amateur trader here. As I write this, $SHIB is above $0.00001480 and has dipped today to $0.00001488 (for now) which represents an increase of more than 23.6% since the lowest point of September 19, 2024. Despite my previous prediction, my bearish sentiment has not changed. Here is my reasoning:
The last time the DIF (one of the parameters of the MACD indicator) was positive was on June 20, 2024 which led to a last positive day followed by 3 consecutive days of decline. However, the RSI, today, compared to June 20, 2024 is much larger (77.09 at $0.00001475). This implies that the price is more and more likely to fall the next day and do a replica of what happened on June 20, 2024.
However, I advise to keep the cryptocoin or stake it to have additional gains from now on and take advantage of the fact that the market is very bullish, buyers are more numerous than sellers and, in the case of $SHIB , the rate of token burned is very high (547.57%, at the time of writing this). Here is my analysis below with my prediction represented by the orange bar for the beginning of next week.
