Shiba Inu Forms First Double Death Cross of October: Is 'Uptober' in Trouble?
Photo: U.Today
Shiba Inu (SHIB) has produced double death-cross signals on its short-term charts, raising fresh doubts over whether the much-awaited "Uptober" rally can still occur. A death cross is when a shorter-term moving average crosses below a longer-term one, which traders see as a sign that momentum may be fading. In this case, the MA 50 drops below the MA 200 in a bearish crossover, a death cross. This appeared on the hourly and the two-hour charts , marking double death cross signals on these short-term timeframes.
Source: U.Today
