SHIBUSDT 1D: INSIGHT

14 thg 4, 2023

• My analysis suggests that Shiba Inu may experience a downward trend soon. To explain this, I'll first discuss the concepts of premium and discount in trading. An asset is at a premium when its price is trading above its fair value and at a discount when it's below its fair value. Traders take short positions at the top of equilibrium and long positions at the bottom to take advantage of market inefficiencies.
  
  
• Moving on to the reasons for a potential downward trend in Shiba Inu, a bearish symmetrical triangle pattern in the chart suggests a possible downward breakout. Multiple bearish order blocks indicate significant selling pressure in the market. Finally, 3 different strategies, including the bearish symmetrical triangle pattern, bearish order blocks, premium and discount concept, confirm the same bearish bias.
  
  
• In conclusion, my analysis indicates a potential downward trend for Shiba Inu. However, traders should always conduct their own research before making any trades.
  

16 thg 4, 2023

Ghi chú

I am will wait for another candlestick to appear to take longs on this one. Just broke out the trendline resistance and is now trying to do a reversal/bullish symmetrical triangle. Candle closing in 3 hours

23 thg 4, 2023

Ghi chú

Am I wrong?

26 thg 4, 2023

Ghi chú

Price action seems to follow how I drew the curved arrows. Let's see if we can keep the price action in favor with our analysis

9 thg 5, 2023

Ghi chú

Guess we are right