We have a few things to consider. First, Shib is in parobolic state. We know eventually a correction will come. Also we are in a massive Cup formation. However, the handle has not been created on the daily chart. If the handle would be created, we can expect a Fib retracement between the 61.8% and 78% region. After that, the first target zone should be hit. The alternative is that price doesnt correct and heads to the target above. Nonetheless, its still in a Cup formation if that occurred. Therefore, a handle still can form. I have three targets on the chart. All are based on Feb extension levels.
Trade active:
Target 1 and 2 have been reached. Target 3 is next..