SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00003381, and continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the coin and a potential continuation of growth from the current levels. As part of the SHIB/USD rate forecast, one should not consider an attempt to develop a bullish correction in the value of a digital asset and a test of the resistance area near the level of 0.00003705. From where a rebound down again is expected and an attempt to continue the fall of the SHIBA INU cryptocurrency with a potential target below the level of 0.00002705.
SHIBA INU Forecast December 16, 2021
An additional signal in favor of reducing 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 upper border of the descending channel. Cancellation of the growth option for the SHIBA INU cryptocurrency will be a fall and a breakdown of the 0.00004005 area. This will indicate a breakdown of the resistance area and continued growth of SHIB/USD quotes with a target above the level of 0.00004755. Confirmation of the fall in the cryptocurrency will be the breakdown of the support area and the closing of quotations below the level of 0.00002845, which will indicate a breakdown of the lower border of the descending channel, and this, in turn, is a strong signal to continue the fall.
SHIBA INU Forecast December 16, 2021 implies an attempt to develop a correction of the coin and test the resistance area near the level of 0.00003705. Then, the continuation of the fall to the area below the level of 0.00002705. 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 0.00004005 area. This will indicate a continued rise in the cryptocurrency with a target above the level of 0.00004755.
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