Happy Thirsty Thursday, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
SHIB poked its head above 2744 but failed to hold that level as support and the bears now have the upper hand as SHIB now trades below its 50D MA.
Price going back above 2744 could create a higher possibility of SHIB heading for the Red Horizontal Bar above at 3300-3500.
If SHIB continues to dip, 2350 must hold to maintain a local market structure integrity, else it's going to be down towards the Green Horizontal Support Bar.
SHIB began to show a sign of a trend reversal when it printed a lower low on the 24th of Feb. SHIB bulls must defend that level for a trend continuation.
MACD: Bullish Divergence has yet to be fulfilled.
Stoch RSI: Huge Upside Potential
Always remember to place your Stop Loss.
Price action is KING!
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
SHIB poked its head above 2744 but failed to hold that level as support and the bears now have the upper hand as SHIB now trades below its 50D MA.
Price going back above 2744 could create a higher possibility of SHIB heading for the Red Horizontal Bar above at 3300-3500.
If SHIB continues to dip, 2350 must hold to maintain a local market structure integrity, else it's going to be down towards the Green Horizontal Support Bar.
SHIB began to show a sign of a trend reversal when it printed a lower low on the 24th of Feb. SHIB bulls must defend that level for a trend continuation.
MACD: Bullish Divergence has yet to be fulfilled.
Stoch RSI: Huge Upside Potential
Always remember to place your Stop Loss.
Price action is KING!
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
