Warning: Please do not trade based on this idea. This price forecasting method is under review and development.
after last Unsuccessful Idea of TRXUSDT(linked Idea) I return to my own way(SHIBO Method) in this 4 hour Chart
an Impulse Started and Labeled 4H1_Impulse Start and ended in the red label Running SHIBO Method(My own invention) on this Impulse lead me to the Price 0.12574(4H1_TP Green Label) This Green Label Act as a Resistance and Price has reacted to this line 8 Times and Finally Breaked Out. Performing the SHIBO method on the second wave(4H2), which is not very strong, predicts a price of 0.21576. Similarly, the third wave and the implementation of the SHIBO method on it predicts a price of 0.14225
Now I'm waiting for the fourth wave, labeled 4H4, to end So that I can implement the SHIBO method on it and specify the next value of the price as now 4H4 impulse could Go up to 4H3_TP line and start Correction to .13257 and even go down to the price of .12825 -------------------------------------------------- I calculate Border line and Take profit points(Price note Labels) based on : 1-price movement 2-price start, high and retracement 3-market state( bullish or bearish ) 4-i don't look for S & R lines(but if you found border line and price are according to them it is a very good Sign) 5-GREEN PRICE Labels are Targets that Reached in previous predictions 6-RED PRICE Labels are those cancelled or Stopped 7-BLUE PRICE Labels are in progress