SHIBA - Bearish Signal | Weekly Timeframe

23 окт.

Shiba Inu has formed a bearish double top candle stick pattern in the weekly timeframe.

This will likely lead to a drop, especially considering that a key diagonal support has been lost - marking the first invalidation of higher highs, in other words short term BEARISH:


We've seen something similar previously, leading to a near -60%drop. Although I really doubt we'll see that kind of pullback (considering it was in the heart of the bearish cycle) I do think a -10% to -15% is possible:


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