Another view
SHIB fell out of a parallel channel and is consolidating in a FVG while volume appears to decrease, but more fascinating is the possible bullish crossover of the MACD(Chris Moody).
Per our friend Google ("A "MACD bullish crossover" occurs when the Moving Average Convergence Divergence (MACD) line crosses above its signal line on a chart, indicating a potential positive shift in momentum and suggesting a potential buying opportunity as the price may be starting to trend upwards; essentially, it's a bullish signal generated by the MACD indicator when the MACD line moves above the signal line."). Let's see which way this break out is going to go and how long and if there is a potential bullish MACD crossover and for possible divergences.
Per our friend Google ("A "MACD bullish crossover" occurs when the Moving Average Convergence Divergence (MACD) line crosses above its signal line on a chart, indicating a potential positive shift in momentum and suggesting a potential buying opportunity as the price may be starting to trend upwards; essentially, it's a bullish signal generated by the MACD indicator when the MACD line moves above the signal line."). Let's see which way this break out is going to go and how long and if there is a potential bullish MACD crossover and for possible divergences.
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