✴️ Shiba Inu Major Bullish Development

4 lut 2023

Shiba Inu has been growing since late December, wait no, it has been trying to grow since June 2022 but each time it met EMA300 as resistance, a strong rejection happened.

• In mid-August 2022 SHIBUSDT tried to move above EMA300 but only did so by a wick, a strong rejection happened and a multi-months long correction followed.
  
• Late October 2022 the story repeats, a wick high that was rejected at EMA300.
  
• Again, but this time 18-January SHIBUSDT faces resistance at EMA300, no rejection, it keeps battling with this level for weeks until finally yesterday EMA300 breaks, the bulls win.
  

A major development as EMA300 is the longest moving average we track and moving above this level confirms long-term growth.

Moving above MA200 opens the doors for long-term growth but above EMA300 this potential has been confirmed.

As this level is conquered Shiba Inu hits a multi-months high and is set to continue growing.

The next target as usual is mapped on the chart.

You can see the 'Related Ideas' below for previous predictions... They all hit.

Namaste.