*correction* i accidentally posted my last idea with the chart in the wrong area.
Looking at the chart patterns, Shib is finding support in the Green channel which was formed at the beginning of the big rally in October. In the 4 hour timeframe, Shib opened a new candle right under the top of the channel. Shib is facing some resistance at the top. The point of interest to me, is will Shib be able to break past the resistance (Red line) presented by the triangle formation while in the Green channel. If it stays at the top of the channel and break past the red resistance line, it shows a strong buy and momentum towards ATH. If it breaks downwards below green channel and under red line, i see a strong sell momentum. With this said, Shib seems to be at the top of all traders minds. All the news and celebrities will of course have an effect on this token.
THIS IS NOT FINANCIAL ADVICE. THIS IS MY PERSONAL VIEW AND ANALYSIS. PLEASE DO YOUR OWN RESEARCH AND TRADE WITH CAUTION. A Big THANK YOU for checking this out. Good luck.
Looking at the chart patterns, Shib is finding support in the Green channel which was formed at the beginning of the big rally in October. In the 4 hour timeframe, Shib opened a new candle right under the top of the channel. Shib is facing some resistance at the top. The point of interest to me, is will Shib be able to break past the resistance (Red line) presented by the triangle formation while in the Green channel. If it stays at the top of the channel and break past the red resistance line, it shows a strong buy and momentum towards ATH. If it breaks downwards below green channel and under red line, i see a strong sell momentum. With this said, Shib seems to be at the top of all traders minds. All the news and celebrities will of course have an effect on this token.
THIS IS NOT FINANCIAL ADVICE. THIS IS MY PERSONAL VIEW AND ANALYSIS. PLEASE DO YOUR OWN RESEARCH AND TRADE WITH CAUTION. A Big THANK YOU for checking this out. Good luck.
