Well ladies and gentlemen, that was a crazy run up on SHIB. Yesterday we saw major exchanges get rocked by the amount of trading volume and today we are seeing some much needed consolidation for SHIB.
This chart shows a potential bull flag forming.
A break to the upside could lead to new all time highs, whereas a break to the downside could lead to the 4000 - 3500 level.
Looks like a nice bullish order block at the downside, saw a wick down into it get eaten back up by buy orders so hopefully that gives guidance that we'll have a break to the upside.
Let's see what happens.
This chart shows a potential bull flag forming.
A break to the upside could lead to new all time highs, whereas a break to the downside could lead to the 4000 - 3500 level.
Looks like a nice bullish order block at the downside, saw a wick down into it get eaten back up by buy orders so hopefully that gives guidance that we'll have a break to the upside.
Let's see what happens.
