Some analyzers fail to realize that when there is a breakout in either direction, the triangle needs to be updated for an updated consolidation point. Looks like with the update, SHIB is set to blast off this evening or sooner.
The triangle pattern has changed slightly and it looks like we could be breaking out sooner rather than later.
Fingers crossed this actually happens! If so we should see a bearish pattern for the next day or two before bouncing again.
Looks like we're headed back down, as expected. Could possibly drop to around the 4500 area depending how long it takes to get there. The flag is consolidating towards a mid point of 5000 approximately week from today.
I'm new to this but this is the pattern I'm seeing. Any idea?