Ready to Invest: A Comprehensive Update on Cryptocurrency Analysis

SHIB/USD 3M

Analysis Update

As predicted, the price of SHIB/USD has continued to trade in a bearish manner. The momentum is expected to push the price lower, presenting an opportunity to buy this cryptocurrency at a favorable price point for potential profits. Monitoring this trend closely over the next few weeks is crucial.

Trading Strategy

To consider increasing holdings in this crypto asset, confirmation of an upward trend is essential. The ideal scenario involves the price entering a Demand zone and signaling readiness for an upward movement. This confirmation will be indicated by a Breakout to the Upside (BOS) following the price's entry into the Demand area, signifying a shift in market balance towards increased demand.