Today, $SHIB is uncannily playing out similarly to the period of 5th October, when it rallied and then traded sideways for 2 weeks.
It took the bears 2 weeks to be exhausted, before the bulls reigned back control.
Can we expect $SHIB to trade sideways? Sure. If there was capitulation, it'd already happen, but we are not seeing uber strong selling pressure to suggest so.
Could there really be enough spring for the bulls to continue an already insane rally from here -- assuming that we're going to enter a 2 week consolidation phase?
It took the bears 2 weeks to be exhausted, before the bulls reigned back control.
Can we expect $SHIB to trade sideways? Sure. If there was capitulation, it'd already happen, but we are not seeing uber strong selling pressure to suggest so.
Could there really be enough spring for the bulls to continue an already insane rally from here -- assuming that we're going to enter a 2 week consolidation phase?