Dogecoin, Cardano & Shiba Inu — Asian Wrap 9 August

Dogecoin coils within a newfound congestion zone for nearly 2 months. A sweep the lows event could present itself in the coming days. Invalidation of the bearish scenario is a definitive closing candle above $0.0780. Said price action would induce a 75% rally towards $0.12.

 

Cardano price will likely explode in one direction or the other. Traders should consider keeping a close eye on the ADA price for a very profitable opportunity. Invalidation of the uptrend thesis is dependent on a few factors mentioned below.

 

Shiba Inu price maintains bullish outlook forecasted in previous outlooks. Total number of transactions on decentralized exchanges has decreased by 40% in the last 24 hours for the SHIB price. Invalidation of the uptrend remains at $0.00001150. 

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