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Shiba Inu: Be aware of final decline before rally

  • Most Crypto currencies haven't reached new lows yet.

  • Shiba Inu seems the weakest one.

  • Intraday recovery seems like wave 4 before final decline.

Shiba Inu: Be aware of final decline before rally
Gregor HorvatGregor HorvatWavetraders

Crypto market bounces in intraday trading, but nothing significant yet. It still can be a small pullback before another drop as most of the coins hasn't reached new lows yet. 

Shiba Inu, SHIBUSD is one of the weakest and it hasn't reached new lows yet, so watch out for more weakness within a five-wave cycle, where current intraday recovery can be just as part of wave 4 before we will see another decline for wave 5 of (C).

Shiba inu 4h Elliott Wave analysis

Shiba Inu

Finally, another ELLIOTT WAVE OPEN DOOR Event is here. See all of our charts FREE for 10 days. Join us at Elliot Wave Forecast!

Author

Gregor Horvat

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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