SHIBA INU ends the trading week at 0.00002883 and continues to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the coin and a potential continuation of growth. As part of the SHIB/USD rate forecast for the next trading week, we should expect an attempt to develop a correction in the value of the digital asset and a test of the support area near the level of 0.00002455. 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 0.00004505.
SHIBA INU Weekly Forecast February 21 — 25, 2022
An additional signal in favor of the growth of SHIB/USD quotes in the current trading week February 21 — 25, 2022 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the reversal pattern. Cancellation of the growth option for the SHIBA INU cryptocurrency in the next trading week will be a fall and a breakdown of the 0.00001705 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 0.00001145. The rise of the cryptocurrency will be confirmed by a breakdown of the resistance area and closing of quotes above the level of 0.00004005, which will indicate a breakdown of the upper border of the “Head and Shoulders” model.
SHIBA INU Weekly Forecast February 21 — 25, 2022 suggests an attempt to test the support area near the level of 0.00002455. Then continued growth to the area above the level of 0.00004505. 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 0.00001705. This will indicate a continued decline in the cryptocurrency with a target below the level of 0.00001145.
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