multi-time frame of Shiba You can increase the price of Shiba by tagging #shiba00018
In early 2021, a large number of dog tokens were created and launched in imitation of the Dodge Quinn. These tokens were able to experience significant pumps without any support, project or development program, and many investors made significant profits through them, and of course, some people suffered huge losses.
Shiba Ino digital currency, although initially very similar to Dodge Quinn, entered the market with the slogan of Dogecoin Killer and the official site of this currency introduced itself with this name.
Sheiba first began to grow with the words of Mr. Ilan Mask and suddenly fell.
In this post, we will analyze the technical multi-time frame of Shiba based on modern price action style and trading volume of whales:
Ceiling and floor prices
The price of SHIBA varies in different exchanges, but based on the price of Bainance exchange, the following items are related to the ceiling and floor of this currency:
Previous ceiling: $ 0.00005015 on May 10, 2021
Current ceiling: $ 0.00003529 on October 7, 2021
Previous floor: $ 0.00000493
Current floor: $ 0.00002064
technical analysis
In the 10-hour timeframe, we saw a twin ceiling pattern, which reduced the price of this currency by about 41%.
Also in the same time frame (10 hours) we see the formation of a twin floor pattern that still has 4 hours left to close the candle and this candle is still red. But we expect growth at least up to 0.00003529.
What does Fibonacci say?
The current price is 0.00002275 in the range of 50% Fibonacci correction. The recent decline was in the range of 61.8% and the minimum probability of growth based on Fibonacci is an increase of 27.2%, ie the price of 0.00004166.
The size of the whales
According to the VPVR indicator, the current price range has the largest volume.
Important note :
You should note that as this currency has had a sudden rise and fall so far, it will continue to do so. But for a currency that has a good rating, this price is not reasonable. Let me remind you that until a few months ago, the price of Dodge Quinn was 0.0029 and now it is 0.244.
For Shiba, the price is expected to reach at least 0.00018.
