Shiba Inu has been in consolidation after a massive breakout last month. The daily timeframe shows the RSI reset around 50 and the Stoch RSI looks bottomed out and reversing towards an upswing. With the Bitcoin halving only weeks away, a breakout of this pennant should be considered a massive bullish move. However, we are all bullish on Shiba. We should know within a few days.
Target #1- 1.618 fib- 0.00006819
Target #2= 2.618- 0.00010306
Target #1- 1.618 fib- 0.00006819
Target #2= 2.618- 0.00010306
Note
Shiba is already starting to breakout of triangle. Let's see if it closes outside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.