SHIB at crossroads
Updated
If price action can close on 4 hour multiple times above 61.80% fib (0.00006149), then the move back to previous high is initiated.
But if it fails then the 38.20% fib has been a good support so far. Luckily it didn't close 3x in a row on that line or below it, which would certainly move the price to previous low at 0.00004300.
But first the price needs to break through a trendline (purple) and then close above 61.80% multiple times to move again towards previous high's between resistance zone (0.00008100-8500).
If it has closure 3 times above 0.00008500 price, then SHIB will start it's next move to new ATH's
But if it fails then the 38.20% fib has been a good support so far. Luckily it didn't close 3x in a row on that line or below it, which would certainly move the price to previous low at 0.00004300.
But first the price needs to break through a trendline (purple) and then close above 61.80% multiple times to move again towards previous high's between resistance zone (0.00008100-8500).
If it has closure 3 times above 0.00008500 price, then SHIB will start it's next move to new ATH's
Comment
If the next 2 candles at 4h close above 0.00005440 (38.20% line), we should go up to 61.8% fib and if that holds then to 100% line.So far we have 1 candle above 38.20% line in 4H chart. Lets hope it gets 2 friends in next 6hours.
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