Hello friends, today you can review the technical analysis on a 1D linear scale chart for Shiba Inu (SHIBUSD), an altcoin.

Quick Analysis:

After long awaiting, Robinhood finally listed Shiba Inu on the app. Shiba Inu has been in a descending channel and a triangle pattern which it broke out of with the Robinhood listing news. The RSI and MACD both show a level of bullishness as well, which can push the price higher. Using the descending channel’s measured move upwards as well as the Fibonacci Retracement , the price has the chance to move up almost 50% from current price levels. Keep a very close eye on the Volume , RSI and MACD .

What are your opinions on this?

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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don’t trade based on my advice. Do your own research! #cryptopickk