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bizmark
Mar 23, 2022 5:29 PM

SHIB ready to run? Long

SHIB / TetherUSBinance

Description

Shiba Inu is trying to break up this triangle📐 and if successful I think there is chance for run to 3840 and even higher. SHIB just run!🦴🐕
  • ENTRY: local high @ 2555
  • STOPLOSS (SL): local low @ 2230
  • TARGET (TP): height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 3840
  • REWARD RISK RATIO (RRR): 3.9
  • INVALIDATION: when SL level hit
  • DURATION: shouldn't take more than 6 weeks

ETH should be stronger than BTC, so ALTs should be good to go:


Check my other stuff in related ideas.

Please like👍, comment🗣️, follow me✒️, enjoy📺!

⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.

Comment

Other running🏃‍♂️ trades:
NEO


XTZ


XRP


BTC


FTT

Trade active

Order filled ✔️

Trade closed: stop reached

Stoploss hit 🛑
Comments
TomasDrska
nice analysis, but the SL hit very unfortunately...
bizmark
@TomasDrska, Thanks, yeah that's just trading. Keeping an eye on it for re-entry.😉
TomasDrska
@bizmark, sure, it looks very promising. It bounces nicely from that level where you had SL
bizmark
@TomasDrska, yessir! SHIB better hold that triangle lower edge otherwise waterfall spill possible.
ForexTrendline
Interesting analysis, good luck!
bizmark
@ForexTrendline, thank you. Good luck to you too!
Tron029


I have the same feeling on this. it might break out further more hopefully.
bizmark
@Tron029, yep, let's pamp it!⛽
Tron029
@bizmark, yupp let's wait and watch
pieceploy
may i ask ? can SHIB reach ATH this year?
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