Shibanalysis
SHIB GETTING READY FOR ANOTHER LEG-UP?SHIB's recent 300% move shocked many traders, however with that move we've seen huge bearish divergence on RSI and many other inidicators and SHIB had to take some rest to correct the bear divergence.
On the hourly chart It looks like SHIBA INU is getting ready for another leg-up, look at the previous legs, whenever we paused and retested the support we've showin massive upside.
With the last correction we have a trendline again and if we break it with volume you can go long on the breakout.
If SHIBA INU can do it again our targets on (1000SHIB) will be $0.0324 - $0.06 ...
Good Luck!
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Shib Usdt Tecnical AnalysisIf we think that there will be a harmonic pattern, the resistance and support points should coincide with the specified areas on the chart.
When we examine the price levels and the resulting pattern, it is clear that a harmonic pattern is about to form.
Assuming that the XAB legs are formed, we can predict exactly where the C and D legs will extend.
I see that the indicator data supports this idea. From the EMA data, we can think that this movement will not end the uptrend, on the contrary, it will continue.
Note: This is not investment advice.
SHIB on a early bullish trendAs you see here on the 15 min chart we are working our way up nicely along the Demand zones. As you see we are working our way towards another one currently which we may see another nice upward push to continue this Bull trend or we could break out of the bottom of this trend followed by a retest then a bearish reversal.
Looking for confirmation before a Trade is placed