Technical analysis by Evestrades about Symbol SHIB: Sell recommendation (8/14/2023)

Stochastics have topped out. I think we will be presented with a buy opportunity over the next couple of weeks.Downward we go - I anticipate this downturn will last for several weeks. I'll update when we start getting ready for buy signalsTargeting a buy range in the 7's to low 8's. Still plenty of room to pull back. I would tread cautiously with any false rallies.Target hit with a buy in the 7's. I still foresee more turbulence and likely pressing that low once more. Bad news hitting crypto market, likely more to come. Any plays now off the lows are short range gains. Leaving trading as active, but first target has been reached. Accumulation range to come.Reached our range in the 7's. If long or going long, i would set a stop in the lower 7's as anything below that will visit a drop to the 5's. Happy trading.