Man shib.. youre hurt... your cold.. your tired.. you are def hurting. It is a shame, you have a lot of love and care behind you..
Well guys, SHIB is in trouble.. BIG trouble if you ask me.. Let's go over why.
The first MAJOR reason SHIB is in trouble is the major macro uptrend line has been broken.. this was part of the issue it was facing being so close to the uptrend line; because BTC had a big dip it was easy for SHIB to fall right below it.. not good. Now it does have a small support area down there in the 4500 area.. if it breaks that FORGET it and say goodbye for now cause that's the final layer of protection our pup has before saying hello to the depths of hell. Ok and now for more equally bad news..
The second MAJOR problem for SHIB is all of the new resistance areas that have been created that SHIB is going to have to claw and bite through to reach a new ATH. Now of course I am using a liberal sense of all the areas developed but i am counting about 5 resistance points and 2 resistance areas.. totaling roughly SEVEN MAJOR RESISTANCE zones SHIB is under and will have to fight thru to reach a new ATH.. I have no positive outlook because the chart shows me nothing going well for SHIB as of now.. As always things could change in the future. For now my dear SHIB holders our poor pup is in a very dark and cold dog house.. Sadly I don't see it being saved from the trouble it's in any time soon.. wish I had better news to deliver for you and the little guy.. I like SHIB too, but when it comes to my money I have to face reality.. The reality looks like nothing but trouble for our boy. Stay strong SHIB and SHIB holders! HODLers brush this off and dont even look at it for 3-6 months. I assure you you will feel better about the crypto..
Well guys, SHIB is in trouble.. BIG trouble if you ask me.. Let's go over why.
The first MAJOR reason SHIB is in trouble is the major macro uptrend line has been broken.. this was part of the issue it was facing being so close to the uptrend line; because BTC had a big dip it was easy for SHIB to fall right below it.. not good. Now it does have a small support area down there in the 4500 area.. if it breaks that FORGET it and say goodbye for now cause that's the final layer of protection our pup has before saying hello to the depths of hell. Ok and now for more equally bad news..
The second MAJOR problem for SHIB is all of the new resistance areas that have been created that SHIB is going to have to claw and bite through to reach a new ATH. Now of course I am using a liberal sense of all the areas developed but i am counting about 5 resistance points and 2 resistance areas.. totaling roughly SEVEN MAJOR RESISTANCE zones SHIB is under and will have to fight thru to reach a new ATH.. I have no positive outlook because the chart shows me nothing going well for SHIB as of now.. As always things could change in the future. For now my dear SHIB holders our poor pup is in a very dark and cold dog house.. Sadly I don't see it being saved from the trouble it's in any time soon.. wish I had better news to deliver for you and the little guy.. I like SHIB too, but when it comes to my money I have to face reality.. The reality looks like nothing but trouble for our boy. Stay strong SHIB and SHIB holders! HODLers brush this off and dont even look at it for 3-6 months. I assure you you will feel better about the crypto..
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.