SHIB ARMY! Chart by Commander CryptoKnee ShibArmy Reserve. 16OCT

Red Path NAILED the Price action, and my previous Elliott wave chart is progress pretty well also so check that out. If you are actively trading this asset, you may want these lines. Moved the level labels around a bit and noticed RSI on the 1 hour has bounced off the bottom, last 2 pivots coincided with overbought oversold areas. Volume still dropping. Green would be a nice path up and out of this range and fit a triangle correction pretty well. Current PA is grinding up the trendline, could see it grinding up to the resistance then, POP. Fall out of the grindage could mean a revisit to previous support, which will hopefully hold. BUT nothing is for certain and always good to have a back up plan ready.

Comment:

2 time voted "grandma could do better" chart for the win!!!