SHIBUSDT | Wave Projection | Bull Look +130% Explosive Move
Price action and chart pattern trading setup:
> Global downtrend wave channel breakout and retest its major resistance at SMA200D
> The current bullish outlook of ABC uptrend wave with an upcoming C-impulse 1-2-3-4-5 wave
> Target bullish wedge breakout TP1 @ fibonanci 1.0 extension - 1500+ and TP2 @ 1.618 extension zone +130% upside - 2600+
> Candlestick tight squeezed just below SMA200, if breakout SMA200D successfully, this major resistance will be the support for the new uptrend explosive wave.
> The next support SMA50D and SMA20D @ 1000+ zone
Always trade with affordable risk and respect your stoploss, nothing is 100%.
> Global downtrend wave channel breakout and retest its major resistance at SMA200D
> The current bullish outlook of ABC uptrend wave with an upcoming C-impulse 1-2-3-4-5 wave
> Target bullish wedge breakout TP1 @ fibonanci 1.0 extension - 1500+ and TP2 @ 1.618 extension zone +130% upside - 2600+
> Candlestick tight squeezed just below SMA200, if breakout SMA200D successfully, this major resistance will be the support for the new uptrend explosive wave.
> The next support SMA50D and SMA20D @ 1000+ zone
Always trade with affordable risk and respect your stoploss, nothing is 100%.