SHIBA - Return Of The SHIB! ✅
Updated
It's been a while since we analysed SHIBA. We've been in a correction for almost 2 years but it looks like we're very close to the next big impulse.
We are currently in a WXY correction:
Wave W = 3 wave correction
Wave X = 3 wave correction
Wave Y = 3 wave correction
We are in the last wave of wave Y. All we have to do is wait for a breakout and join the move higher.
Trade Idea:
- Safe entry on break of red trendline
- Risk entry on lower timeframe trendline break (see update)
- stops under lows once red trendline breaks
- Will look to manually take profits as we move higher
Goodluck and as always, trade safe!
We are currently in a WXY correction:
Wave W = 3 wave correction
Wave X = 3 wave correction
Wave Y = 3 wave correction
We are in the last wave of wave Y. All we have to do is wait for a breakout and join the move higher.
Trade Idea:
- Safe entry on break of red trendline
- Risk entry on lower timeframe trendline break (see update)
- stops under lows once red trendline breaks
- Will look to manually take profits as we move higher
Goodluck and as always, trade safe!
Note
SHIBA 2D Chart
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Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
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