SHIB flirting with a BreakoutSHIB is looking interesting vs USDT. Price action has been consolidating into a relatively tight range between a flattening Curved Resistance and a Rising Support. Combined with a recent Daily Bullish Divergence and a potential switch of momentum in the indicators, I'm becoming more and more convinced that a sharp breakout is brewing. I'm interested in taking a small position here.
Good Luck.
----------------------------------------------------------------
These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly.
If you appreciated this analysis, consider Liking or Following . Thanks!
Shiabusdt
SHIBA INU Daily Analysis.📊 SHIBUSDT (SHIBA INU )
💹 Time Frame: Daily (Update)
➖➖➖➖➖➖➖➖
🟢Shib took a strong rejection from the major resistance zone around 0.00002804$ - $0.00002973 Also, there's a strong key 0.618 Fibonacci level, which can act as a support in the future. Around,
0.000021 - 0.00002566 is the next. support area where you can look for buying opportunities.
Let's see what is going to happen in next coming days and which direction is going to break? Up or Down?
🟡 This Analysis Will be updated.
➖➖➖➖➖➖➖➖
👤 AmirHossein
📅 02.13.2022
⚠️ (DYOR)
SHIBA In a bull pennant!Here's a quick look at SHIB 2 hr chart. As we can see, the price has printed a bigger bull pennant and we could see a breakout very soon! The best entry would be, when the price breaks above the bull pennant with good amount of volume .
-------------------------------------------
The idea is: Buy the breakout from the bull pennant and take profits at the levels shown in the chart.
Targets:
1. 0.00000855$
2. 0.00000878$
3. 0.00000929$
- Profits can also be taken in the resistance zone .
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!