SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00000918, 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 sideways trend for the coin. Prices are again testing the area with signal lines, which indicates pressure from sellers of the coin and a potential continuation of the fall already from current levels. As part of the SHIB/USD rate forecast, it is worth considering 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 0.00001005. From where a rebound down is expected again and an attempt to continue the fall of the SHIBA INU cryptocurrency with a potential target below the level of 0.00000735.
SHIBA INU Forecast November 17, 2022
An additional signal in favor of a decrease in SHIB/USD asset quotes for tomorrow will be a rebound from the descending resistance line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the “Triangle” model. Cancellation of the option with the fall of the SHIBA INU cryptocurrency will be a strong growth and a breakdown of the 0.00001125 area. This will indicate a breakdown of the resistance area and continued growth of SHIB/USD quotes with a target above the level of 0.00001525. The fall of the cryptocurrency will be confirmed by a breakdown of the support area and closing of quotes below the level of 0.00000765, which will indicate a breakdown of the lower border of the “Triangle” model and the beginning of the pattern with targets at the bottom.
SHIBA INU Forecast November 17, 2022 suggests an attempt to develop a correction of the coin and a test of the resistance area near the level of 0.00001005. Then, the continuation of the fall to the area below the level of 0.00000735. An additional signal in favor of the decline in 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 area of 0.00001125. This will indicate a continuation of the rise of the cryptocurrency with a target above the level of 0.00001525.
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