Price continues to fall after hitting key estimated areas, as indicated on the chart; however, we could be looking at an Elliotwave price structure to the upside in the making.
The current top resistance area is at 0.03195, followed by 0.02972, 0.02775 and now just trading below 0.02661, down by around 4%.
Shiba could continue down to 0.2464 at the bottom of the regression channel if it fails to hold above 0.02661.
The Elliot wave price structure indicated on the chart could come to fruition if the price holds above 0.02464 major support and heads back up.
