SHIBA Looking Pretty Bullish for Short to Mid term
Below are the Reasons for WHY i am Bullish on SHIBA :-
1) Massive Hidden Bullish Divergence :- As you can see in chart below, there is MASSIVE Divergence between Lowest low of Shiba to Current Recent Lows on Daily Timeframe.
2) Shiba sitting in Demand Zone & Consolidating :- Shiba is also holding its Support Zone very well and despite all ups and downs of Stock Market, it has held its' Recent Lows 10 Days ago very well.
3) Shiba Making a Falling Wedge :- Falling Wedge is a Sign of a Reversal in Trend and is a Bullish Pattern and It indicates that Shiba Might be experiencing Bullish price action for Short to Mid Term for foreseeable future.
4) Trend analysis of Shiba :- Shiba is making Lower lows and Lower Highs; but they are becoming smaller & smaller. Now Sitting on Major Support, Shiba might be making higher highs and lower lows for Short to Mid term soon enough.
5) BTC also Looking Bullish :-
Reasons for Failure of this Trade :-
1) MARKET CRASH COULD be Biggest Reason for this. :- If Russia starts fight with Ukraine then Technical Analysis won't matter and Market would straight up Dump.
There is already so much FUD in market because of FED and interest rates and 10YR Bond Yield Shooting Up.
But i do believe, they cannot afford another Market Crash and will do everything to avoid it.
If that happens and if BTC Breaks down 40k Support level then, INVALIDATION POINT/ Stop Loss and Target Price would be :-
This is not a financial advice. This is just my personal view because of which i am long.
Trade Safely Everyone.
1) Massive Hidden Bullish Divergence :- As you can see in chart below, there is MASSIVE Divergence between Lowest low of Shiba to Current Recent Lows on Daily Timeframe.
2) Shiba sitting in Demand Zone & Consolidating :- Shiba is also holding its Support Zone very well and despite all ups and downs of Stock Market, it has held its' Recent Lows 10 Days ago very well.
3) Shiba Making a Falling Wedge :- Falling Wedge is a Sign of a Reversal in Trend and is a Bullish Pattern and It indicates that Shiba Might be experiencing Bullish price action for Short to Mid Term for foreseeable future.
4) Trend analysis of Shiba :- Shiba is making Lower lows and Lower Highs; but they are becoming smaller & smaller. Now Sitting on Major Support, Shiba might be making higher highs and lower lows for Short to Mid term soon enough.
5) BTC also Looking Bullish :-
Reasons for Failure of this Trade :-
1) MARKET CRASH COULD be Biggest Reason for this. :- If Russia starts fight with Ukraine then Technical Analysis won't matter and Market would straight up Dump.
There is already so much FUD in market because of FED and interest rates and 10YR Bond Yield Shooting Up.
But i do believe, they cannot afford another Market Crash and will do everything to avoid it.
If that happens and if BTC Breaks down 40k Support level then, INVALIDATION POINT/ Stop Loss and Target Price would be :-
This is not a financial advice. This is just my personal view because of which i am long.
Trade Safely Everyone.
Trade closed: stop reached
