Shiba Inu Coin (SHIB) July 2023 Predictions (Public Version)

Kapproveb Alcyone
May 27, 2023
3 min read

Updated: Jul 3, 2023

Month’s Theme: Likely a sharp drop within a period of sideways rotation.

Behavior Around the High: A U-shaped dip that forms near the intersection of two perpendicular diagonal trend lines.

Behavior Around the Low: An important trough or bottom that will stand out on at least a one-month scale.

Overview

On the 1st, there’s a rally along a diagonal trend line that ends with a fast, sudden move higher followed by a break down through that diagonal trend line with increasing volatility on the way down. That decline takes us into the 2nd where we’ll have a significant decline and a prominent trough toward the end of the day. We’ll then have a sideways S-formation within a channel that creates a prominent crest on the 3rd. On the 4th, there’s quite a bit of price change to the downside with a sharp drop. We may have a lowest low on the 3rd or the 4th. On the 5th, we’ll have sideways rotation that increases with bearish momentum as we move forward in time. On the 5th, we’ll have sideways rotation that increases with bearish momentum moving forward in time. We’ll also have a peak or crest midday on the 5th. On the 6th, we’ll move from the bottom of a range to the top of a range out of a decline. On the 7th, there’s a rally to the upside that ends. There’s a sharp drop around the cusp of the 7th and 8th.

There’s an intentional fake out or shake out in the midst of a selloff on the 8th. We’ll likely have a sharp drop early in the day and then highs at the end of the day. On the 9th, we’ll decline through support to meet a secondary support and then rotate sideways along support. On the 10th, there’s a prominent move higher followed by a full retracement back down which takes us into a decline on the 11th. We’ll decline to and through support and then break down through multiple support levels. The decline continues into the 12th with a significant trough. An important range to the downside on a one-year scale is highlighted on the 12th.

On the 14th, there’s a significant move higher. That rally to the upside increases moving into the 15th and reaches for a distant resistance level. There’s a prominent crest on the 16th within a rally that increases with momentum moving forward in time. On the 17th, that rally continues along a diagonal trend line where we break through horizontal resistance to meet a secondary resistance and then pull back to somewhere between those two price levels. There’s an important crest on a one-month scale on the 18th that we’ll sell off from down to and through support. We’ll do a U-shaped reversal below that support and then move back up to reuse it as support. On the 19th, there’s a significant move higher. That will take us into another prominent crest or peak on the 20th within a period of a sideways-fluctuating rally. There’s a notable decline on the 21st and a pop and drop.

On the 22nd, there’s a decline down to and through support to meet a secondary support that we’ll rotate alongside. There’s also a prominent trough on the 22nd. There’s a move higher on the 23rd (meant 23rd and not 21st). We’ll stay above that price level briefly and then break back down shortly thereafter. Between the 23rd and the 24th we’ll likely have a highest high. On the 25th, there’s an important technical price level that’s highlighted. There’s a lot of price change on the 26th. We’ll decline off of a peak or crest early in the day. We’ll continue declining into the 27th after bumping up against a resistance level. There’s a notable move higher into a peak or crest toward the end of the day. There’s a move lower on the 29th followed by the establishment of support on the 30th with some sideways rotation. On the 31st, there’s sideways fluidity along key support with equal amounts of bulls and bears trading.

Sneak Preview

In August, there’s an important high on a one-year chart early in the month.