This is it folks!
It might have been a down day today but it looks like for the time being we are coming out of this falling wedge pattern. If you look at the chart, I have a line drawn at 0.00004116. I drew that line on the 19th or 20th to mark the 50% correction in the over all run up since the end of September. You will also see I have a rather crudely drawn arrow that is bouncing off of that line which I was predicting it to bounce off that 50% correction mark and what do you know it did for the most part. So if we use the falling wedge to try and predict where we are going entry should be around 0.0000545 and our target should be around .00010 . you will also notice that there is a trend line on the run up and marks at the 0.00010 mark and one at the 0.00012 mark these were my predictions as well (Which by the way were laughed at). So in conclusion (I could talk all day about this) textbook falling wedge could drop further down before popping but this is my TA of SHIB. Also this is the Day chart so I'm predicting a nice slow burn(I'd love a huge pop but with big pump comes big dump). Oh Ignore the green horizontal lines they are my 1x points so for those of you who can count up around 4x, the horizontal red line is where I took some profits on the way up. If you made it this far in my write up thank you for entertaining me and my rant. Let me know what you think. And obviously SHIB TO THE MOON!!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.