How upcoming FOMC meeting will impact ShibaInu [SHIB] holders' portfolio
is an outcome, then Shiba Inu investors can expect the price to surge by as much as 14% to the next Fibonacci resistance line.
A 10% or more pullback may be on the cards and that outcome will push it back closer to or below its 200-day MA.Wednesday: US FOMC [25bps hike priced with 98% probability, another 25bps in March is likely]Friday: US NFP job market data [Unemployment rate to tick higher from 3.5% to 3.6%, 193k jobs exp. to have been added]Sometimes the market starts to react even before the actual FOMC minutes are released.
Exchange flows also highlight a similar outcome. The supply on exchanges has dropped significantly in the last few days, while the opposite is true for supply outside exchanges.for SHIB than selling pressure. Nevertheless, this is not confirmation that the bulls will prevail.
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