Shiba Inu (SHIB) is a decentralized cryptocurrency that has gained popularity in recent months. However, its price action has been underwhelming in recent weeks, with unclear structures. In this video, JB discusses the potential wave structures, retracements, and resistance levels for SHIB, as well as the potential for further upside in a bear market.
JB begins by encouraging viewers to like, subscribe, and turn on notifications for their videos. JB then mentions the underwhelming price action and unclear structures in SHIB. Moving on to the technical analysis, JB discusses potential wave structures, retracements, and resistance levels. JB acknowledges that the market is volatile, but he sees some potential for further upside in SHIB.
JB also discusses the importance of viewer comments and disclaims that the information is not financial advice.
JB analyzes the price action of SHIB on various timeframes, including 1-hour, 4-hour, 8-hour, and daily charts. JB identifys a potential target area for SHIB in a bear market, but he also doubts that a bear market bottom is in place.
The video provides a technical analysis and outlook for Shiba Inu, highlighting potential price targets and bear market scenarios. The content is for informational purposes and not financial advice.