PrimeTradeX

Does SHIBUSDT has a future?

Long
BINANCE:SHIBUSDT   SHIB / TetherUS
Technically speaking, we can confidently say, that SHIBUSDT has a future. For a very longtime, we have being awaiting for another surge in price. Will there be another one? Technically, i Personaly think that the answer to that question is YES. There is going to be another Move to the upside coming.

After breaking structure, we see price completing it's complete retrace and at the same time, there is a price approaching which 3D (3 Drives), which is i have being speaking about for a while now. We detected a liquidity zone, which is in confluence with a Daily trendline. SO if price can come to that zone and we see some sign of rejection, bullish patterns, then i think we need to buy some SHIBA INU.
Remember, that SHIBA might who is a rival (a great rival) of DOGE, might want to repeat the same thing that DOGE did. SO i encourage all to keep on the look of this

Make sure to use a good risk and money management.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.