Shiba Is Pointing Higher After BTC Halving

Crypto - pixabay-dog-bitcoin-dogecoin-doge-btc-6708166

Cryptocurrencies are in strong bullish trend and Shiba looks to be following. Shiba Inu with ticker SHIBUSD is making an impulsive recovery by Elliott wave theory, so despite recent slow down, it can be just a higher degree A-B-C correction within wave (4), which means that we can now expect a bullish continuation for wave (5) of 3.

SHIBUSD Daily Chart
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For a detailed view and more analysis like this you may want to watch below our recording of a latest live webinar streamed today on April 22 2024:


On the date of publication, Gregor Horvat did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.