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SHIB Symmetrical triangle (could break down) Chart for reference
SHIB / TetherUS
SHIB Symmetrical triangle (could break down) Chart for reference
By jazerbay
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Nov 29, 2022
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Nov 29, 2022
Hello all
⭐🌏
Here📉, we notice that
Shib
has been forming this
symmetrical triangle
👌▶ structure for about 3 months now📆📌
I suspect
bitcoin
will retest the ~15k area soon, and this could mean a drop in many alts as well.
There is news of
BlockFi
filing for bankruptcy 👀🐻
Bitcoin price action and overall market fear due to
BlockFi bankruptcy
along with FTX bankruptcy could create panic sells🆗
Bitcoin halving cycle
is almost complete as per past results, so this could get interesting.
I expect extreme
volatility
in the coming days, feel free to check updates on my most recent
BITCOIN
analysis for more information on BTC price action
Possible bullish :
🐮⏬
As for now, this is
SHIB
last chance to climb above that
support level
once again
Let's see...
Bullish scenario is that we bounce of the bottom of this structure and possibly breakout
This is not advice
Thank you so much
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome
Jazerbay 🐕
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jazerbay
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