Previously I shared my idea on SHIB/USDT 15mins chart and predicted the buy zone (Check the idea on my profile).
Now regarding the news which said India is going to ban crypto trading, I think the chart started another downtrend. Based on the new RSI update there are 2 scenarios:
1. The first scenario is that the chart goes down on downtrend channel and reaches...
Based on RSI uptrend (15Mins) and the SHIB/USDT downtrend channel, if the market goes on this way (mid-line of the downtrend channel), I can expect when the RSI uptrend touches the 50% area, it might be a safe place to buy SHIB/USDT which is the buy zone I have noted in the chart.
If it breaks the channel downward or upward, and update might be needed.
If the next candle(s) close come lower than the green candle, it may build a Bearish Harami pattern and you may think about setting your Stop Sell limit.
