Just a simple chart showing some Bearish divergence on the RSI!
If the yellow support area breaks, Things could get ugly PRETTY QUICKLY!
This is a potential 25% - 40% Drop in price... IT'S BIG!
I'm NOT SAYING it will happen, ALL IM SAYING is that the bearish divergence IS SCARY because it has the potential to push SHIB below that support!
Take it as you will. This is NOT financial advice! This is just an IDEA based off of my experience studying and trading cryptocurrencies.
As I said in a previous SHIB idea! "NOBODY LIKES SHORT OR LONG TERM BEARISH ANALYSIS (unless you SHORT the market), HOWEVER, FAILING TO RECOGNIZE IT CAN END UP COSTING YOU" "Take profits & Cut losses! Two IMPORTANT lessons I've learned as a trader"
Take Care.
If the yellow support area breaks, Things could get ugly PRETTY QUICKLY!
This is a potential 25% - 40% Drop in price... IT'S BIG!
I'm NOT SAYING it will happen, ALL IM SAYING is that the bearish divergence IS SCARY because it has the potential to push SHIB below that support!
Take it as you will. This is NOT financial advice! This is just an IDEA based off of my experience studying and trading cryptocurrencies.
As I said in a previous SHIB idea! "NOBODY LIKES SHORT OR LONG TERM BEARISH ANALYSIS (unless you SHORT the market), HOWEVER, FAILING TO RECOGNIZE IT CAN END UP COSTING YOU" "Take profits & Cut losses! Two IMPORTANT lessons I've learned as a trader"
Take Care.
