After the Downtrend channel price will continue to consolidet on Support#4 (S4) the entire day
Things to notice:
1. We have our First False Breakout (FBO1) re-entering the small consolidation zone
3.Price Bounced exactly on my Demark9 Buy Indicator for the 4th Time (see what happened on the previous bounces.
2. Price are making Higher lows on the new uptrend channel after the Bounce meaning the trend is going up.
Prediction:
If price breaks the resistance of this small red consolidation zone we will be entering a new level of a possible new range before a bull-run.
BUT Price needs to be inside the channel in that way we get what are we looking for.
Tomorrow Possible GREAT NEWS for Shiba
Hold Tight !
-mike
Things to notice:
1. We have our First False Breakout (FBO1) re-entering the small consolidation zone
3.Price Bounced exactly on my Demark9 Buy Indicator for the 4th Time (see what happened on the previous bounces.
2. Price are making Higher lows on the new uptrend channel after the Bounce meaning the trend is going up.
Prediction:
If price breaks the resistance of this small red consolidation zone we will be entering a new level of a possible new range before a bull-run.
BUT Price needs to be inside the channel in that way we get what are we looking for.
Tomorrow Possible GREAT NEWS for Shiba
Hold Tight !
-mike
