SHIBUSDT is compressing at the apex of a multi-year symmetrical triangle. Rising base support ≈ $0.0000095; upper trendline ≈ $0.000017. A monthly close > $0.000017 confirms breakout.
measured-move target ~$0.0000245 (first objective). Extended targets: $0.000030–0.000045. Invalidation: monthly close < $0.0000095. #SHIB #Breakout #StochRSI
(Rising base support (monthly): $0.00000950
Upper triangle resistance (monthly): $0.00001700
Breakout confirmation: monthly close > $0.00001700
Measured-move target (first objective): ~$0.0000245 (~+44% above breakout)
Extended target band (liquidity clusters / prior structure): $0.000030 – $0.000045
Current live price used for calculations: $0.00001010)
Calculated as :
Anchors as monthly candle closes / visible trendline touches on multi-year triangle:
Base support = $0.00000950
Upper resistance = $0.00001700
Triangle height = resistance − base
= 0.00001700 − 0.00000950 = 0.00000750
Measured-move target = breakout level + height
= 0.00001700 + 0.00000750 = 0.00002450
Percent moves:
Height as % of breakout level ≈ 44.12% (0.0000075 / 0.000017) — i.e., measured move ≈ +44% above breakout.
From the current price (~$0.00001010) to measured target = ~+143%.
measured-move target ~$0.0000245 (first objective). Extended targets: $0.000030–0.000045. Invalidation: monthly close < $0.0000095. #SHIB #Breakout #StochRSI
(Rising base support (monthly): $0.00000950
Upper triangle resistance (monthly): $0.00001700
Breakout confirmation: monthly close > $0.00001700
Measured-move target (first objective): ~$0.0000245 (~+44% above breakout)
Extended target band (liquidity clusters / prior structure): $0.000030 – $0.000045
Current live price used for calculations: $0.00001010)
Calculated as :
Anchors as monthly candle closes / visible trendline touches on multi-year triangle:
Base support = $0.00000950
Upper resistance = $0.00001700
Triangle height = resistance − base
= 0.00001700 − 0.00000950 = 0.00000750
Measured-move target = breakout level + height
= 0.00001700 + 0.00000750 = 0.00002450
Percent moves:
Height as % of breakout level ≈ 44.12% (0.0000075 / 0.000017) — i.e., measured move ≈ +44% above breakout.
From the current price (~$0.00001010) to measured target = ~+143%.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.