SHIBUSDT , POSSIBLE BREAKOUT ? TRIANGLE FORMATION
Hello Traders.
-Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
-SHIB has formed a symmetrical triangle on 1D time frame chart and now it's moving near to the higher trendline ( market in yellow )
- Despite of that it's reaching near to the apex of the pattern; There're too possibilities to look for !
- Bullish case; If we get the breakout above the pattern and hold above S/R zone ( mentioned Violet zone ), Then we can aim for $0.00003467 - $0.00004000.
- Bearish case; If we get the rejection below the pattern and hold below S/R line ( mentioned Violet zone ) , Then we can aim for $0.00002400 - $0.00002200 ( strong demand zone )
Hope you enjoyed the content I created
Good Luck Traders!
-Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
-SHIB has formed a symmetrical triangle on 1D time frame chart and now it's moving near to the higher trendline ( market in yellow )
- Despite of that it's reaching near to the apex of the pattern; There're too possibilities to look for !
- Bullish case; If we get the breakout above the pattern and hold above S/R zone ( mentioned Violet zone ), Then we can aim for $0.00003467 - $0.00004000.
- Bearish case; If we get the rejection below the pattern and hold below S/R line ( mentioned Violet zone ) , Then we can aim for $0.00002400 - $0.00002200 ( strong demand zone )
Hope you enjoyed the content I created
Good Luck Traders!
Trade closed: stop reached