Happy Fri-Yay, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
SHIB rebound from yesterday's dip and is now holding support at the Green Horizontal Bar.
So what's next?
SHIB is still not confident at this moment that it could escape the claws of the bears as it is still trading below its 50MA and the Red Descending Resistance Trend Line.
SHIB's next immediate upside destination if it can break all resistances, including the Blue Horizontal Resistance Bar, will be 3066.
Further upside price action could bring SHIB up to 3388.
Green Horizontal Support Bar must hold as support for upside price action, otherwise it's back down to 2070 - 2060, and eventually down to 1700.
MACD: Bullish Divergence has yet to be fulfilled.
Stoch RSI: Huge Upside Potential
Always remember to place your Stop Loss.
Price action is KING!
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
SHIB rebound from yesterday's dip and is now holding support at the Green Horizontal Bar.
So what's next?
SHIB is still not confident at this moment that it could escape the claws of the bears as it is still trading below its 50MA and the Red Descending Resistance Trend Line.
SHIB's next immediate upside destination if it can break all resistances, including the Blue Horizontal Resistance Bar, will be 3066.
Further upside price action could bring SHIB up to 3388.
Green Horizontal Support Bar must hold as support for upside price action, otherwise it's back down to 2070 - 2060, and eventually down to 1700.
MACD: Bullish Divergence has yet to be fulfilled.
Stoch RSI: Huge Upside Potential
Always remember to place your Stop Loss.
Price action is KING!
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
