AN EARLY BULLISH CHANNEL FOR SHIBA
well, this is very early and i could be wrong about it but this looks like a channel formation ( fingers crossed) inside a bigger down channel. So, the ideas is the so called market breath. market needs to breath in and out. on the chart, you can see it that the numbers, they need “space”… you can’t just jam everything in and go up and down vertically all the time… so, this is basically an airport tarmac. SHIBA needs runway, and this is being prepared. Could be, again, it’s a scenario: SHIBA goes up in this new channel, tests the upper line of the descending channel and if it breaks out - then we see at least same highs or NEW highs.
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