SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00007042 and continues to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a bearish trend. 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 correction in the value of a digital asset and a test of the support area near the level of 0.0000605. From where a rebound is expected again and an attempt to raise the SHIBA INU cryptocurrency with a potential target above the level of 0.00009005.
SHIBA INU Forecast and Analysis November 4, 2021
An additional signal in favor of raising the SHIB/USD quotes for tomorrow will be a test of the support line on the relative strength index (RSI), as we see, there were several rebounds from this line. The second signal will be a rebound from the lower border of the “Triangle” pattern. Cancellation of the option to raise the SHIBA INU cryptocurrency will be a fall and a breakdown of the 0.00004555 area. This will indicate a breakdown of the support area and a continued fall in SHIB/USD quotes with a target below the level of 0.00003005. Confirmation of the rise in cryptocurrency will be a breakdown of the resistance area and closing of quotations above the level of 0.00008055, which will indicate a breakdown of the upper border of the “Triangle” model. In any case, we see a good signal near the lower border of the pattern, a rebound from which can send the price of the coin far up.
SHIBA INU Forecast and Analysis November 4, 2021 implies an attempt to test the support area near the level of 0.0000605. Then continued growth to the area above the level of 0.00009005. 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 0.00004555 area. This will indicate a continued decline in cryptocurrency with a target below 0.00003005.
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