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The_New_Disciple
May 31, 2021 3:29 AM

SHIB/USDT 6 Hour Chart Long

SHIB / TetherUSBinance

Description

In this Idea I am illustrating how as we form the rounded bottom of the ascending scallop the support and resistance converge. We all know that previous support becomes resistance, but it has not been illustrated in such a manner. There is a chance that it may consolidate through the bottom support and delay its rise, but it will still rise. The biggest factor at this point is Bitcoin consolidating for its third and final leg down. With a coin like SHIB its nothing to throw a couple hundred in and just forget it which is precisely what i am doing.
If you agree throw me a like and follow and join for more unique ideas and concepts that keep you in the gains.
Much love to my supporters
ND

Comment

Comments
ABDULRHEEM5544
This idea matches the expectations that financial advisors share in the major media, and I think it's a very likely scenario.
The_New_Disciple
@ABDULRHEEM5544 guess we just gotta wait and see.
georgekritikos64
hope u right !!!!well done!!!
The_New_Disciple
@georgekritikos64 thank you sir
MaximousDarwin
This idea goes along with the predictions shared by financial advisors in the mainstream media, I think it is a very possible case-scenario
The_New_Disciple
@MaximousDarwin, Hadn't seen that, but the movement thus far is indicative of an ascending scallop so pretty textbook to be honest.
The_New_Disciple
Playing out well
The_New_Disciple
get ready
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