SHIB is landing on the lower Bollinger Band.



8/27/20221 min read

This idea is a SHIB analysis.

SHIB just fell below the Middle Bollinger Band.

If this dump wasn't just noise, the price might continue to fall back down to the Solid support level, which is also where the lower Bollinger Band is right now.

There are two resistance levels on the way up and two support levels on the way down, holding the price up.

There are two possible scenarios for now which I've shown on the chart for you.

RSI is Neutral, so the price has room to go up or down.

The Speedometer indicator shows Buy volumes on the market for SHIB on a 1D interval.

Now have in mind: ANY news about this coin can cause a big pump or dump at this moment!

Let me know if you guys have any questions;

I will be more than happy to help.

Good luck, and thank you.