SHIB Back To Previous Support | 50% Profit Potential
Updated
SHIB is looking beautiful on the daily timeframe! The price is currently moving within a symmetrical triangle. The past month, the price has been accumulating in an ascending triangle, pointing toward a breakout as soon as the daily price action closes above the 0.00001200 level.
The profit potential is ~50%, with the price climbing to the previous high as well as the previous support, which now might act as a resistance.
The profit potential is ~50%, with the price climbing to the previous high as well as the previous support, which now might act as a resistance.
Note
The Bitcoin Dominance chart aligns with my ideawhat do you think? Is there an Altseason coming? Let me know in the comments!
Note
A sudden increase could also result in an Inverse H&S pattern in the bigger picture, resulting in even more upside potential. SHIB is a really good buy after the confirmation
Strategies, Insights & Education: t.me/KOLAcademy
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