SHIBA INU Avoids the Middle Finger Pattern - Consolidates Gains
In this video I take another look at the daily chart of SHIB. On my last review the chart had just put in a blow off top candle after mooning and looked primed for a harsh pullback.
All that price action led me to believe we would get what I call the middle finger pattern, where the chart literally looks like it is flipping you off right after screwing you for buying in on the pump.
Which is another reason I tell people not to chase a coin after it pumps.
Anyway, SHIB has held strong and consolidated the move while the 10 day MA catches up, crisis averted in the near term. Upside is the all time highs.
SHIB Digesting Gains Well...
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