CandleFocus Analyst Says Doubling Positions in Shiba Inu, Predicts SHIB Surge to $0.0002
2024-11-27
Author: Content Editor
The article discusses the Shiba Inu cryptocurrency and its current corrective phase. The analyst, known as Charting Guy, believes that the current downside is an opportunity to accumulate Shiba Inu before an imminent price upswing. Charting Guy shares an Elliott wave pattern chart, indicating that Shiba Inu has completed the first and second wave phases and is currently in the third wave. The analyst expects Shiba Inu to reach a price target of $0.00012, which would result in a 380% upswing and a market cap of over $70 billion. Charting Guy also predicts a retracement to $0.00004937 before a surge to $0.0002, resulting in a 718% increase in price and a market cap of $118 billion. Other analysts have made similar predictions, citing bullish market momentum. In anticipation of the upswing, Charting Guy has increased his exposure to Shiba Inu.
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