Quote from: timerland on November 29, 2021, 10:14:28 PM

Quote from: Greatest2020 on November 24, 2021, 12:31:34 PM

One of the most trending meme coin #Shiba Inu and Doge coin competitor has closed 4 day candle stick on Red now...the downward trend even looks more terrifying.

What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.

Shiba has absolutely zero reason to be in the top 100 crypto list.

Expect the downtrend to continue. Prices have already halved from the ATH and I think that they will continue this direction.

You might be able to pull some profits through short term speculation, but definitely don't hold this one for the long term.

Shiba has indeed more potentials than dogecoin so it has still high chances to rise up again once the market starts to recover. But for now, we can see that Shiba is also experiencing a downtrend so if you have faith in Shiba, then this is a good buying moment for this meme coin but never hold them for long term as they are totally different from bitcoin and established altcoins which will definitely grow as time goes by. For Shiba, this is only good for short term so if you see good chances to make profits, then grab the chance as most of the meme coins don't last for long, unless a big whale like Elon will stand for it through its tough moments.