According to Cantonese Cat, SHIB is now flashing a strong buy signal based on the L3 Banker Fund Flow Trend Oscillator, a relatively lesser-known indicator. In a detailed breakdown shared via a YouTube video, Cantonese Cat explored SHIB’s recent price action in conjunction with this oscillator, revealing that it is ready for at least a 5x move to its all-time high, up until a bigger 2430% increase to a target of $0.00047.
As such, the analyst notes that Shiba Inu is one of ten cryptocurrencies among Optimism, Avalanche, Cardano, Chainlink, Boba Network, COTI, Amp, Cartesi, and Injective, which are all flashing a buy signal with the L3 Banker Fund Flow Trend Oscillator. Related Reading: Solana-Based MYRO Next In Line For $1 Billion? Why A 200% Surge To $0.2 Is Possible The L3 Banker Fund Flow Trend Oscillator is a technical indicator used to analyze the flow of capital in and out of cryptocurrencies among large market participants.
This ultimate target is at the 1.618 Fibonacci extension level, which aligns with $0.00047. Related Reading: Here’s Where We Are In The Bitcoin Bull Cycle According To The Wall Street Cheat Sheet Reaching this price would require SHIB to break through multiple resistance levels, both before and after surpassing its all-time high.
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