SHA/USDT { SAFE HAVEN } - BULLISH SETUPBUY ENTRY ⬆️
- Aggressive entry: current market price.
- Conservative entry: Breakout above the descending trendline resistance.
TARGETS 🎯
- 0.006914
- 0.007690
- 0.008516
- 0.009817
- 0.011513
STOP LOSS ❌
- 0.004626
SHAUSDT
$SHA Eventual break of upper trendline in next 24 hrs$SHA had an explosive leap October 19th as Bitcoin reached a new ATH, easing down ever since, having a more recent high a few days ago of $0.0084.
Based on 4hr chart and RSI movement, $SHA could be primed for a big push very soon (also with daily trading volume increase of 25%).
Let me know your guys' thoughts on this project / if you have any other opinion on its forecast.
- JS
Price analysis SHAUSDTOn daily chart we can see that price has reach support trading line. the price has not gone below this line for 3 months and it is to be expected that the price will rise from this value as we are in the bull market. This is an opportunity to buy more SHA because we may not see this price anymore, given that the project behind this token is very valuable.
Price action - Safe Haven - SHAUSDTThe price of SHA is expected to rise from this point on. We saw a correction to the value of 0.382 Fibonacci retricement level that coincides with the place where the price was subtracted from the lower trading edge.
SHAUSDT chart sums up 2 of my favorite chart patterns...Double bottoms with wedge breakouts are always potent patterns to trade IMHO. This one looks really good. One can wait for another leg down before looking for a buy signal but today's candle looks like it will be a nice bullish candle which can be a buy signal too (better to wait for the day's close).
First target if price rallies from here is the wedge high or the double-bottom neckline. We then see if market breaks the neckline for a measured move up.
Safe Haven (SHA) breaking 200MA on the 4hourlyLet's see where this plays out... SHA/USDT looking bullish after some weeks consolidating...
