SHIB Did Breakthrough But Dances Sideways

bungalogic
2 min readNov 13, 2021

Well, SHIB has broken through and finds it self hugging that next level of resistance at .000052. Had a nice run up to .000056 but have since pulled back. We know we going to take off soon. But SHIB simply staging and getting ready. All good, no worries.

The weekend is not yet over so let’s ride this out. It’s Saturday here in Japan but could be Friday somewhere else. I’m watching and waiting for Monday to guess what the next moves can be.

For now we follow the green trend line up. We should be working our way to resistance at .000063. This will happen in the coming days. At the moment I don’t see us dropping to support at .000043. We are still in a bullish trend. And we got a green candle at the end of that 4 hour chart. However, it’s like we on eggshells because the one day is a red doji. But right now from my point of view I’ll watch and re-assess on Monday.

For the weekend, expect a sideways correction. Watch and hodl with those diamond hands.

💎🙌🏼🚀

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Note: do your due diligence. Don’t make financial decisions based on my charts. I’m not a financial adviser. Just a guy with an ukulele who loves crypto. With that own your decisions. I’m not responsible if you get rekt. Crypto is high risk and high rewards. Play at your own risk.

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