Tell me please, when you look at the weekly SHIBUSDT chart, do you see the continuation of the growth?
Pay attention, for example, to the weekly DOGEUSDT chart. Doge is the same meme coin as shiba, do you see that on the chart there are a maximum of two big weekly candles up, then a rollback down?
This list can be continued, if you are interested in looking at the dynamics of all meme coins, find the top meme coins in Google and look at their charts.
And please don’t compare shiba and bitcoin for heaven’s sake. These are not correlated coins at all, at all. Yes, I did not expected the coin to grow to this levels in such a short period, but you did not guess that it will continue indefinitely).
A large Shiba community is also about nothing. I’ll tell you a common scenario that you will soon see: A couple of big whale sales and everyone will start selling the coin at the same pace as they bought it.
The point is not that I do not like this coin as many people wrote, the point is that I analyze the markets and just see these patterns. Shiba is not the first meme coin and it has nothing special, it is no different from others. Once again, I would like to draw your attention to the DOGE chart.
End of the post
Join my Telegram channel to get market updates quickly and follow my Twitter to get intraday thoughts about the markets. Also, in my Instagram I post short reviews about promising coins. Dear Friends, I will be very grateful to you for a donation, which you can make here
Disclaimer
The content on this website, including blog posts, articles, and other materials, reflects the personal opinions of the author and is provided for informational purposes only. The author does not claim to be infallible or to possess complete knowledge of financial markets, which are inherently volatile and unpredictable. No one can predict with certainty the direction of financial markets, including the author, who only expresses personal opinions and preferences for particular scenarios.
The information on this website should not be construed as financial advice, investment advice, trading advice, or any other type of advice. The author is not a professional financial advisor, and you should not rely on the opinions expressed on this website when making financial decisions. The author is not responsible for any actions taken based on the opinions and information provided on this website.
The author may be wrong in their assessments and opinions and is always open to alternative viewpoints. You should always conduct your own research and consult with a qualified financial professional before making any investment decisions.
The author acknowledges that may not possess complete knowledge of all aspects of financial markets and does not claim to be omniscient. Financial markets are complex systems, and the misunderstanding or incorrect interpretation of even seemingly obvious facts can result in errors that may lead to losses. The author is not responsible for any losses incurred as a result of information or opinions shared on this website. It is always recommended that readers consult with a qualified financial professional and conduct their own research before making any financial decisions.
2 Responses
[…] is going according my forecast. I reccomend to sell on tops like this. The fall will […]
[…] Before we touch this level, coin will not grow, it was overbought and it needs to reboot. As I said in monthly forecast, look at DOGE chart. It was predictable and I wrote about it in the forecast for November. […]