SHIB trend lines
Updated
#SHIB/USDT
SHIB had a great reaction to trend lines and S&R zones of previous analysis.
price broke down from ascending trend line and now it is at support zone between 0.5 and 0.618 fib level of last swing high.
🐻 break down from this support zone will drop price to next support zone which is the same with 0.786 fib level.
🐮 holding this support zone and breaking out from descending trend line can increase price to resistance around $0.000015 or even next resistance around $0.00002.
SHIB had a great reaction to trend lines and S&R zones of previous analysis.price broke down from ascending trend line and now it is at support zone between 0.5 and 0.618 fib level of last swing high.
🐻 break down from this support zone will drop price to next support zone which is the same with 0.786 fib level.
🐮 holding this support zone and breaking out from descending trend line can increase price to resistance around $0.000015 or even next resistance around $0.00002.
Note
#SHIB/USDT#update
SHIB is still below ascending trend line and resistance zone, and above support zone between 0.5 and 0.618 fib levels.🐮 holding the support zone and break out from ascending trend line, will continue rally toward upper resistance zone which is the same with 1.618 fib level to complete AB=CD pattern.
🐻and break down from current support zone, will drop price to next support which is the same with 0.786 fib level.
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