we can update bearish channel and 2 idea can exist. 1. break support and go to middle line and if not supported go to down the channel 2. for bullish wave chr have to break channel and resistance with good candle. wait for chart !!!!
shib in 4h and 1h time frame have a good bullish divergence . if top line break you can long after break or wait for pullback and set your stop in Below the bottom line. in 1d time frame shib break a trend line and this move can be a pullback. wait for chart !!!!!
my idea for chr worked and now a bearish channel created and mid line is a good support and another support show in chart.
we can update last analysis by this analyse. support line extended and in this analysis use normal chart (non logarithmic). 2 rule can set. if break resistance line and pullback we can long on it and if resistance line worked the 5 wave confirmed and after break support line we can use short. see macd and rsi resistance line !!!!!! can create a new bearish...
two price is so important for ada 1.48 and 1 in elliott wave wave 4 finish in 1.48 or 1. and start wave5 if channel work ada can start wave 5 in 1.48 and if lose support 1 dollar can reach.
if break resistance line and pullback can be good for buy . but i think this resistance is not broken and support can be break. in macd and rsi have bearish divergence . wait for chart...
we can use channel to trade. 2 tp can set tp1 in middle of channel and tp2 up of channel.
Maybe this analysis can be useful top of channel a little bearish divergence in 4h rsi in 1d time frame larger than 70