SHIB: Another IH&S! Some Key Points to watch from here.
• On our last analysis on SHIB I warned about an IH&S chart pattern, that did work very well, as by the moment SHIB broke our key point, it hit the previous resistance with an astonishing precision before dropping again (link to my previous analysis below this post);
• Now, we see the same pattern again, so what are the key points? The trigger point is the black line, while if it loses the red line it’ll frustrate the pattern. The technical target would be the previous resistance at the green line. This is a normal configuration of an IH&S;
• However, if SHIB loses the purple line, then it might face more serious problems in the mid-term, as this would indicate a sharper sell-off;
• For now, let’s pay attention to these lines and see what happens. I’ll keep you guys posted on this.
Remember to follow me to keep in touch with my analyses!
• Now, we see the same pattern again, so what are the key points? The trigger point is the black line, while if it loses the red line it’ll frustrate the pattern. The technical target would be the previous resistance at the green line. This is a normal configuration of an IH&S;
• However, if SHIB loses the purple line, then it might face more serious problems in the mid-term, as this would indicate a sharper sell-off;
• For now, let’s pay attention to these lines and see what happens. I’ll keep you guys posted on this.
Remember to follow me to keep in touch with my analyses!
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