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IllyrianTrader
Aug 15, 2023 12:07 AM

Shiba - Bullish setup -$ SHIBUSD ✅ Long

SHIB / TetherUSBinance

Description

Hello Traders,
BINANCE:SHIBUSDT after a long period of consolidation and accumulation is showing bullish signals.
At the moment we have the yellow trend line acting like resistance with high chances to be broken targeting 0.000015-0.0000155 price levels. We need a daily break of this resistance to have a breakout signal.
The Yellow curve is showing the next movement based on my view on this asset.
The best entry is at the resistance test, if holds on 4H timeframe after a breakout and acts like support sure the bullish movement will be very strong.
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