After topping out earlier this month, SHIBA has been trading one direction: down.
During this bearish period, a descending wedge pattern has appeared on the chart. Descending wedges are classically bullish reversal patterns. Seeing that the market's direction is still long-term bullish, I'm seeing a bullish break out as the most likely scenario.
Wait for a big daily candle to confirm the break out. Targets placed at the two most recent highs.
Happy trading!
During this bearish period, a descending wedge pattern has appeared on the chart. Descending wedges are classically bullish reversal patterns. Seeing that the market's direction is still long-term bullish, I'm seeing a bullish break out as the most likely scenario.
Wait for a big daily candle to confirm the break out. Targets placed at the two most recent highs.
Happy trading!
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.