🔥 SHIBA Bullish Triangle: Break Out Near
Updated
Some time ago I made an analysis on SHIBA where I argued that SHIBA was close to a strong bullish move towards the upper limit of the horizontal channel.
The current analysis is made with a shorter time-frame in mind. As of late, SHIBA is drawing a bullish triangle. With the price currently closing in on the yellow break-out area, there's a chance that SHIBA will see a strong upward move towards the green area of resistance.
As soon as SHIBA breaks out of the yellow area, I'm expecting a continued move towards the green area of resistance.
Happy trading!
The current analysis is made with a shorter time-frame in mind. As of late, SHIBA is drawing a bullish triangle. With the price currently closing in on the yellow break-out area, there's a chance that SHIBA will see a strong upward move towards the green area of resistance.
As soon as SHIBA breaks out of the yellow area, I'm expecting a continued move towards the green area of resistance.
Happy trading!
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