TradingView
ArShevelev
Oct 12, 2021 8:36 AM

@Shibtoken experiences another challenge 

SHIB / TetherUSBinance

Description

This time, SHIB is following my prior plan. Since yesterday, this is the only token that has risen in tandem with bitcoin, while all other tokens/coins have fallen.

Looking ahead to the next movement, I'm evaluating 2-3 market motion options. We should prepare our backup strategy and risks now, given the current situation of the financial market. Look at the intraday setup for SHIBUSDT (pic below)
— the price is in a bullish triangle, therefore it will only be a day or two before it reaches the 3400 target level.

Cryptocurrencies are changing rapidly, so it's a good idea to have a backup plan in case things go wrong. Keep an eye out for lines and breakouts on the main chart, and you will be safe!

Trade active

Price break below support line, waiting for sub 2400-ish prices in next week
Comments
iaretheanimal
While I would have loved to see this continue to go up, something tells me smarter folks who profited helped push up btc.d by moving their money into BTC, or just go out altogether. I believe it will have its time again, but there isn't enough momentum from here to carry it up further. Only way I see it happening is a drop in btc making people move over back to shib.
KINGdewd
waitng for the 15-18..it will happen AGAIN..like DOGE pit stop drop n BULL RUN pop
TRADiNG_hub
simple and Powerful 🔥
More