Hello all! Here are some of my personal reasons why I believe $Shib is still bullish in my eyes on the Daily timeframe:
1) Hidden MACD Divergence, price has made a higher low from the end of October to today, while the MACD has shown a Negative-Positive-Negative pattern, indicating to me that it is a bullish divergence.
2) Oversold on the Stochastic RSI, we have...
As chart shows, we had recent bullish action after the previous selloff period. After this bullish action, we have formed into what I would call a bullish asymmetrical triangle. So my prediction is hopefully a breakout to the upside out of this triangle later today.
Trade safely and wisely.
This marks a crucial moment for the near future with Shib. If we are able to push past the 68-70 zone, we should be able to make a break out of this triangle. However, if we drop below the very strong 60 support area that we have had, I suspect price could potentially go all the way down to the 40 zone.
Good afternoon everyone, currently we appear to be in a falling wedge on the 1HR, if we breakout to the top side of it then we have a possibility of reversing this downtrend and going back up to retest that ATH.
Remember, trade safe and wisely, good luck!
Wow, we have blasted up and theres no stopping us now! As you can see, we have had recent bullish action, and have formed a tight asymmetrical triangle on the 15m, possibility of a breakout to the upside will be in around 2 hours from this posting. Get in while you can folks, we are flying up, go ShibArmy!
Good morning everyone, I hope you are all doing fantastic. We have recently had a healthy pullback after some massive gains over the past week, and I would like to give my TA for what's to come.
As you can see on the 1 hour chart, from October 26th to October 27th we have had strong bullish action take place before the pullback recently. From what I can tell, we...
As much as I would love to see us skyrocketing, we also need to be wary of the rising wedge forming on the 4hr. If we don't step up buying pressure and break that top resistance we could 'potentially' see a breakout to the downside. As the rising wedge is commonly (as far as my knowledge goes) a bearish signal, my prediction is that if we don't break resistance,...
As per my last post, on the higher timeframes we appear to be in a rising wedge, a bearish pattern. However, on the 15m timeframe we appear to be in an asymmetrical triangle, and a bullish one since we recently had bullish action. Could this triangle be the one that breaks that wedge? Only time will tell in about an hour. Lets go ShibArmy, and lets crush that wedge!
Another Asymmetrical triangle forming on the 15m timeframe. As from my previous prediction, we did go up from that, and I believe we will do the same with this one. As we have seen recent bullish action, I believe this to be a bullish asymmetrical triangle, and we are closely squeezing again for a breakout.
My prediction is that we will probably see substantial...
From the recent BTC breakout of its own ATH, I believe we are on the verge of a solid breakout for Shib as well.
We are forming a really nice asymmetrical triangle and are riding against the top of it, I suspect we might see a breakout within the next couple weeks.
