๐ฅ SHIBA Volatile Move Ahead: Triangle Analysis
Over the course of several months, SHIB has formed a triangle pattern. Triangle patterns are classically ending in a strong climax either way.
Seeing that both crypto and stocks are trading bearish at the moment, most likely scenario will be for SHIB to break bearish. However, in case stocks will see a strong bullish day tomorrow we can break bullish and hopefully see further upside for the rest of the week.
See blue lines for potential short-term target.
Happy trading!
Seeing that both crypto and stocks are trading bearish at the moment, most likely scenario will be for SHIB to break bearish. However, in case stocks will see a strong bullish day tomorrow we can break bullish and hopefully see further upside for the rest of the week.
See blue lines for potential short-term target.
Happy trading!
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