SHIB / TetherUS
Long
Updated

🔥 SHIBA Bullish Triangle: Break Out Near

3504
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.

🔥 SHIBA Channel Continued


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!
Note
Update:

🔥 SHIBA Break Out: Update

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.