SHIBA UPTREND
Shiba has been growing for three consecutive weeks, and if we see it in the above time frame, we will notice a good liquidity collection by registering a new floor. When a new floor or ceiling is registered and then quickly falls back in the form of a shadow, it indicates the collection of stops and liquidity. Currently, Shiba has acted completely technically according to its upward trend and has hit the specified support area again. It is expected that in the coming days Shiba will experience a growth of 20% after the failure of its triangle, now why 20%? Due to the fact that in the daily time, Shiba broke its downward trend line with a suitable movement step, so when the trend line is broken with good momentum, the source of the movement will be growth or fall. This analysis is rejected only if it stabilizes below the specified support area
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.