Shiba Inu: Be aware of final decline before rally
|-
Most Crypto currencies haven't reached new lows yet.
-
Shiba Inu seems the weakest one.
-
Intraday recovery seems like wave 4 before final decline.
Crypto market bounces in intraday trading, but nothing significant yet. It still can be a small pullback before another drop as most of the coins hasn't reached new lows yet.
Shiba Inu, SHIBUSD is one of the weakest and it hasn't reached new lows yet, so watch out for more weakness within a five-wave cycle, where current intraday recovery can be just as part of wave 4 before we will see another decline for wave 5 of (C).
Shiba inu 4h Elliott Wave analysis
Finally, another ELLIOTT WAVE OPEN DOOR Event is here. See all of our charts FREE for 10 days. Join us at Elliot Wave Forecast!
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.