First of all this is my first publish. Please feel free to comment and correct if you saw some mistakes. Happy to hear all the bad and good voices.
After SHIB's first raise it swing for 16 days and created a bull flag. During this flag creation it tested the bottom 2-3 times but mostly swing b/w 0,5 and 618 fib levels.
I believe we are following a similar bull flag. Today it tested the bottom line and bulls ate the bears.
I am not giving you any trading idea Just sharing my thoughts. I thing it still may come back to 0,059 and bounce back to the fib 0,5 levels but when the time is done it will break the upper triangle and test the ATH once more.
In case of a drop below the triangle could not be eaten this time then it may go back to 0,059 - 0,053 and 0,047
Wishing you all a profitable journey.
BR
After SHIB's first raise it swing for 16 days and created a bull flag. During this flag creation it tested the bottom 2-3 times but mostly swing b/w 0,5 and 618 fib levels.
I believe we are following a similar bull flag. Today it tested the bottom line and bulls ate the bears.
I am not giving you any trading idea Just sharing my thoughts. I thing it still may come back to 0,059 and bounce back to the fib 0,5 levels but when the time is done it will break the upper triangle and test the ATH once more.
In case of a drop below the triangle could not be eaten this time then it may go back to 0,059 - 0,053 and 0,047
Wishing you all a profitable journey.
BR
Trade active:
Half Way down the road. :) So far so good we are still moving according to the plan.
SHIB BACK ON TRACK AFTER YESTERDAY DUMP.