TradingShot

SHIBUSDT Will skyrocket if it breaks this pattern

OKX:SHIBUSDT   Shiba Inu/Tether
*** ***
For this particular analysis on Shiba Inu we are using the SHIBUSDT symbol on the OKX exchange.
*** ***


The idea is on the 1D time-frame where SHIB has been trading within a Triangle pattern since the May fall. Based both on the price action and the 1D RSI sequence, it resembles a lot the 'Accumulation' Triangle that followed the May 2021 fall. This pattern broke hyper parabolically to the upside, when the price broke above its top (Lower Highs trend-line). =

Of course the fundamentals at the time were (much) different but patterns tend to follow certain human psychology behind them. If the market does enter into a new Bull Cycle by the time SHIBUSDT breaks above it's Triangle, it is not that unlikely (having the right fundamentals behind it, e.g. Twitter) to see it hit the 0.000025 - 0.000030 zone, being one of the first token to turn parabolic and lead the bull season.



-------------------------------------------------------------------------------

** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **

-------------------------------------------------------------------------------

You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁

-------------------------------------------------------------------------------
👇 👇 👇 👇 👇 👇
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇

👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)

💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot

🔥New service: next X100 crypto GEMS!
Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.