Based on RSI uptrend (15Mins) and the SHIB/USDT downtrend channel, if the market goes on this way (mid-line of the downtrend channel), I can expect when the RSI uptrend touches the 50% area, it might be a safe place to buy SHIB/USDT which is the buy zone I have noted in the chart.
If it breaks the channel downward or upward, and update might be needed.
If it breaks the channel downward or upward, and update might be needed.
Note
The chart is still struggling with the downtrend channel I mentioned. If it reaches the arrow point, I'll make another update.
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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.