SHIB / TetherUSLong
Alikze »» SHIB | Upward wave 3 scenario
🔍 Technical analysis: The scenario of the 3rd wave of the rising super cycle
- In the analysis presented in the previous post, after an upward wave up to the area of 2.618, the previous wave itself experienced significant growth.
- Currently, in the weekly time frame, after going through a downward trend in a channel, it managed to have a complex structural correction to the green box range, which led to an exit from the channel.
- Therefore, according to the current momentum, it will have the ability to reach the target of Fibo 1.618 range and then up to its previous ceiling.
- After that, if the previous ceiling is broken, the rising wave can extend to the specified supply area.
💎 In addition, if the previous floor or green box of stabilization occurs, the bullish scenario will be invalidated.
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SHIBUSDT
- In the analysis presented in the previous post, after an upward wave up to the area of 2.618, the previous wave itself experienced significant growth.
- Currently, in the weekly time frame, after going through a downward trend in a channel, it managed to have a complex structural correction to the green box range, which led to an exit from the channel.
- Therefore, according to the current momentum, it will have the ability to reach the target of Fibo 1.618 range and then up to its previous ceiling.
- After that, if the previous ceiling is broken, the rising wave can extend to the specified supply area.
💎 In addition, if the previous floor or green box of stabilization occurs, the bullish scenario will be invalidated.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
SHIBUSDT 
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