Published by
Benzinga
Benzinga
Shiba Inu (CRYPTO: SHIB) was sliding over 4% lower Wednesday, in tandem with the wider crypto sector, which saw Bitcoin and Ethereum falling about 2%. Dogecoin was retracing over 3%, looking to break down from Monday’s mother bar pattern, while Shiba Inu confirmed its current downtrend remains intact. Shiba Inu’s downtrend is taking place within a falling channel pattern on the 24-hour chart. The pattern is bearish for the short term but can be bullish down the road. For bearish traders, the “trend is your friend” (until it’s not) and the stock is likely to continue downwards. Aggressive trade…