SHIBUSDT IN TRIANGLES
Updated
Shibusdt was consolidating in an ascending traingle, retested with an inverse head and shoulder pattern then to a symmetrical triangle and could possibly take off from the current spot or breakdown to form a double bottom which insinuates bullish. Chart entails all useful info, take your time to review. Your likes and comments would be much appreciated, you can follow up for more helpful contents.
Trade active
Shibusdt has formed a double bottom pattern at the base of the symmetrical triangle, we could prolly see a run up to its triangle's higher low. Targets btw 877-900Comment
Shibusdt is still holding the support zone but in the event we see a close outside the triangle in big tfs, shib might visit the key support level at the range of 540- 550Trade active
Shibusdt broke down from the triangle and this'd be a good time for long position to the specified target on chart.
Related publications
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.