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Most Crypto currencies haven't reached new lows yet.
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Shiba Inu seems the weakest one.
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Intraday recovery seems like wave 4 before final decline.
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
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