SHIBA INU, is close to strong support! Another massive pump?
Is Shiba going to fly one more time? Is it possible? Lets follow !
Shiba is reaching to strong support formed by confluence of 0.618 retracement of labeled wave (1) cycle and former static resistance which normally now will act as support.
If true and in the case of strong reaction to the support and down trend line break out and being patient enough , it may give about 600 % profit although almost no one can catch all the profit which an up going wave offer!
Please note in terms of timing chart is a schematic drawing therefore, I kindly ask you to disregard dates on the chart.
We are aware that we are doing before the fact prediction and this scenario may not happen although I believe that it's probability is high enough to be considered and make us to keep Shiba Inu in our watch list.
Good luck my friends.
Shiba is reaching to strong support formed by confluence of 0.618 retracement of labeled wave (1) cycle and former static resistance which normally now will act as support.
If true and in the case of strong reaction to the support and down trend line break out and being patient enough , it may give about 600 % profit although almost no one can catch all the profit which an up going wave offer!
Please note in terms of timing chart is a schematic drawing therefore, I kindly ask you to disregard dates on the chart.
We are aware that we are doing before the fact prediction and this scenario may not happen although I believe that it's probability is high enough to be considered and make us to keep Shiba Inu in our watch list.
Good luck my friends.
Comment:
Lets watch if proposed support can push the price up ! We never open a long position without a bullish sign at proposed supports !
Comment:
No bullish reaction my friends. We have to be patient. We should wait until down trend line break out.
Comment:
Now, we have our expected bullish reaction. Lets watch for possible down trend line break out.
Comment:
Watch carefully for possible break out my friends.
Comment:
My buy stop is : 0.000049 . Good luck everyone !
Trade active
Comment:
Analysis needs a major update.
Trade closed: stop reached