SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00004530, continues to move as part of the decline and the beginning of the development of the ”Triangle” model. As you can see, the bears were able to break the pattern down. Moving averages indicate the presence of trend bears. Prices broke through the area between the signal lines downward, 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, one should not consider an attempt to develop a growth in the value of a digital asset and a test of the resistance area near the level of 0.00004795. From where a rebound is expected again and an attempt to drop the SHIBA INU cryptocurrency with a potential target below the level of 0.00003500.
SHIBA INU Forecast and Analysis November 19, 2021
An additional signal in favor of a fall in SHIB/USD quotes for tomorrow will be a rebound from the resistance line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the ”Triangle” pattern. Cancellation of the option to drop the SHIBA INU cryptocurrency will be a strong growth and a breakdown of the 0.00005255 area. This will indicate a breakdown of the resistance area and continued growth of SHIB/USD quotes with a target above the level of 0.00006505. Confirmation of the fall of the cryptocurrency will be a breakdown of the support area and closing of quotations below 0.00004245.
SHIBA INU Forecast and Analysis November 19, 2021 implies an attempt to develop a slight increase in the coin and a test of the resistance area near the level of 0.00004795. Then the continuation of the fall to the area below the level of 0.00003500. An additional signal in favor of reducing SHIBA INU will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and a breakdown of the 0.00005255 area. This will indicate a continued rise in the cryptocurrency with a target above the level of 0.00006505.
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