Potential SHIB trade. Would look something like this if it was to occur. Chances that it looks this clean (orange arrow) is not likely. However, if price rides a steep trend down, and we catch some mega support under some previous support, we're likely to have a very favorable trade.
Basically, this chart is prepping for a potential drop on the yellow circle trend breaks. SHOULD we see a drop, there is no reason to panic, as theoretically, if you viewed this chart, you should be prepared to buy this dip.
Now, does it go as low as .000007 or can it hold .000009. IMO, it is more likely to favor the lower price target. This price target catching (Maybe even on a wick, within the week, or day), implies favorable odds all the way over .00001
Should this dip not occur, the price targets and trends are still relevant, however, the chart is primarily for prep of the potential drop showing on the charts.
If we reject off our top price target in our trade window, we'd look to buy the dip right around .0000098, waiting to see if we catch more support and see some higher numbers building.
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Will it dip, only time will tell, it would allow for a much higher price target should we see a movement like this as it builds stability.
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Drop on trend break. I think it might end up close to the projection.
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was anyone able to make money on shib? I'm closing this chart, but I'm happy to make a new one if people are still following.
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new chart is up and linked in related ideas. still bullish overall still probably will crash a lot from whatever the runup is. 4h rsi still needs to drop a bit which but I can't tell because the indicators "technically" haven't flipped even though it is getting very close. Sometimes that can mean big up and down movements coming. Good luck!! If I get a better idea of where it is heading I'll post another chart, but this update should cover a lot of the bigger price target movements.
& your charts/updates are money man.. Definitely would like to see an updated one