legendary trader Peter Brandtannounced that it has updated its Shiba Inu (SHIB) forecast. Brandt also shared his Bitcoin prediction. Here are the details.
Brandt, who shared his views on his Twitter account with 675,000 followers, shiba inuHe shared that .
According to the trader, SHIB will either face a crash that will either retest the previous resistance as support and subsequently initiate a rally or cause the price to plunge sharply.
At the time of writing, SHIB was trading at $0.000013, up 5% over the past seven days and still above the neckline of the pattern.
bitcoin In his analysis, he says that BTC has completed a bearish wedge pattern and is now vulnerable to seeing lower prices.
“For all practical purposes, the target of rising wedge in Bitcoin has already been met. This is not a bullish reason in itself, and it doesn’t mean that BTC can’t go any lower yet.”
Brandt last week warned traders of a possible collapse after he found that Bitcoin was showing a bearish pattern.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.