Shiba Inu / Tether USDUpdated SHIB - Bull Flag formation
This is purely an observation, please consider the risk for yourself and happy trading.
Here we can see a healthy bull flag formation on the four hour chart. A breakout above the green fib resistance line will be a treat to us all.
When I see a bull flag, it strengthens the feeling that people are HODLing and earlier buyers have not taken a profit. Additionally, keep a close eye on the volume below to indicate healthy trading activity.
See you all on the other side and keep HODLing.
Plan the trade, and trade the plan HODLers
Here we can see a healthy bull flag formation on the four hour chart. A breakout above the green fib resistance line will be a treat to us all.
When I see a bull flag, it strengthens the feeling that people are HODLing and earlier buyers have not taken a profit. Additionally, keep a close eye on the volume below to indicate healthy trading activity.
See you all on the other side and keep HODLing.
Plan the trade, and trade the plan HODLers
Note
Update - We can see a live dump occurring. A big red candle and very little trading volume. This indicates someone decided to trigger a dump.During the previous ascent, we have high trading volume, so the genuine ones are still around.
Take away from this, let them whale go. They have no business here, the majority will eventually triumph.
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.
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.