$SHIB
Many ask me: Where is SHIB headed? Is the party over?
As a market observer, I set aside emotions and technically and fundamentally analyzed the currency.. and the result may surprise you.
1️⃣ Fundamentally (what you don't see):
While the small trader sells at a loss, blockchain data confirms a 'supply shock'.
Trillions of coins have been pulled to cold wallets. Whales are 'drying up' the market of cheap coins.
When demand returns, there won't be enough supply.. and the result is known.
2️⃣ Technically (chart language):
We are witnessing the formation of the classic 'falling wedge' pattern, coinciding with a positive divergence on the RSI indicator.
In short for beginners:
'Buyers are preparing to pounce as sellers' momentum weakens'.
🎯 Summary:
We are in a 'fingernail biting' phase.
The market is pressuring you to hand over your precious coins to the whale for a dirt cheap price.
The next direction - based on the data - is a boring accumulation.. followed by a price explosion once the nearby resistance is broken.
$SHIB
