Technical analysis by ulrichniederhausser about Symbol SHIB: Buy recommendation (10/25/2025)

This is my all-time elliott wave structure for SHIBA INU, and the reason why i think it needs one more high to complete 5 waves since it's creation. The structure shows how SHIBA has hit extension 2,382 to end wave 3. If we look at the internal structure —12345 white— we can see 5 waves of internal wave 3 hitting exactly the 2,618 extension. So, we have a nice confluence of 2,618 extension corresponding to all of wave 3 and 2,382 extension. SHIBA is now in a very long wave 4. Either it is a very large triangle where waves d and e are still needed or this correction is almost over. Also we have a classic bull flag. It's just a matter of time before SHIBA decides to go up and complete wave 5 to at least 2,618 extension