Shib: Need to step up buying pressure, rising wedge on 4hr
As much as I would love to see us skyrocketing, we also need to be wary of the rising wedge forming on the 4hr. If we don't step up buying pressure and break that top resistance we could 'potentially' see a breakout to the downside. As the rising wedge is commonly (as far as my knowledge goes) a bearish signal, my prediction is that if we don't break resistance, we could see a pullback at the later times on the 27th of October or the early times on the 28th of October.
Prepare the diamond hands and get ready to hodl, lets go ShibArmy!
Prepare the diamond hands and get ready to hodl, lets go ShibArmy!
Note
I made a new post about the lower timeframes, 15m chart, as we appear to be in an asymmetrical triangle from that. Might breakup this wedge.
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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.