SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00003076, they continue to move as part of the correction and the formation of the “Triangle” model. Moving averages indicate the presence of a short-term bullish trend for the coin. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the coin and a potential continuation of the fall from the current levels. As part of the SHIB/USD rate forecast, it is worth considering an attempt to develop a decrease in the value of a digital asset and a test of the support area near the level of 0.00002875. From where a rebound is expected again and an attempt to continue the growth of the SHIBA INU cryptocurrency with a potential target above the level of 0.00004005.
SHIBA INU Crypto Forecast February 17, 2022
An additional signal in favor of the rise in SHIB/USD quotes for tomorrow will be a rebound from the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the Triangle model. Cancellation of the growth option for the SHIBA INU cryptocurrency will be a fall and a breakdown of the 0.00002515 area. This will indicate a breakdown of the support area and a continuation of the fall of SHIB/USD quotes with a target below the level of 0.00002165. The rise of the cryptocurrency will be confirmed by a breakdown of the resistance area and closing of quotes above the level of 0.00003505, which will indicate a breakdown of the upper border of the “Triangle” model.
SHIBA INU Crypto Forecast February 17, 2022 suggests an attempt to develop a correction of the coin and a test of the support area near the level of 0.00002875. Then, continued growth to the area above the level of 0.00004005. An additional signal in favor of the rise of SHIBA INU will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the area of 0.00002515. This will indicate the continued fall of the cryptocurrency with the target below the level of 0.00002165.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
