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$SHIB Weekly double bottom / Breakout
SHIB / TetherUS
$SHIB Weekly double bottom / Breakout
By TradingNomadic
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Dec 3, 2023
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Dec 3, 2023
Real clean double bottom here on SHIB, and a break of the downsloping supply line.
First potential target here would be the zone just about the .382, and eventually to the .618, but as always taking it level by level.
For context, transactions in the Shibarium ecosystem are up 4000% recently including sympathy moves from other assets in the ecosystem like BONE.
Chart Patterns
Trend Analysis
Wave Analysis
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