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Shibu Inu: Bullish But Possibility Of Pullback

Published 10/08/2021, 07:10 AM
Updated 07/09/2023, 06:31 AM
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Cryptos bounced this week after undergoing a correction in September. Though we hold a bullish intraday view, the possibility of a pullback looms.

The SEC approved the Volt Equity ETF, causing cryptos to rally. Besides, JP Morgan analysts said that investors now have a renewed interest in Bitcoin as an inflation hedge, adding more fuel to the rally.

However, cryptos are a volatile asset, and Shiba Inu exemplified that as it lost 40% after the market entered the fifth wave. 

Shiba Inu Elliott Wave technical analysis.

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