SHIBA INU (SHIB / USDT) Key Price Analysis. Time to buy !!!!. no no no. Find out. Possible purchase points.
We will analyze why it is not a good time to buy Shiba and possible points of purchase.
We will see
Shiba has had a growth of 400%.
With a good active community but without a good fundamental that justifies such a rise.
If you know what that fundamental is, comment on it, thank you.
We see that the price is already correcting this price pump.
This has already happened in other Alcoins including Dogecoin.
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Let's start at
If we compare it with Dogecoin we can look for a possible point of purchase. Sometimes you have to look in the past to look for possible price movements.
Graph analysis
If we analyze the chart we see a great period in which the price has moved through an accumulation channel.
And it has broken it to the upside with a pump of 400%
What can be a good point of purchase? Let's compare what happened with Dogegocoin
Comparison with Dogecoin
Dogecoin from 2014 to 2017 we can identify a period of price accumulation, the same as Shiba.
Since its break, the price has grown by 500%, it resembles the growth of Shiba.
Then make a correction that touches the accumulation channel.
Repeating the same Shiba pattern could correct the price until it touched the accumulation channel.
The price could correct up to 1000 satoshis.
The 1000 satoshis could be a good buying point.
If you are going to invest, it is recommended to make staggered entries.
After touching the Dogecoin channel again, it rises by 2600% and then corrects again.
These currencies are highly speculative, a minimum capital investment is recommended. Do not invest money that you are not willing to lose.
What do you think of the price of Shiba?
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Protect your assets use Stop loss
The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are. Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment. If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.
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