SHIB Back To Previous Support | 50% Profit Potential
SHIB is looking beautiful on the daily timeframe! The price is currently moving within a symmetrical triangle. The past month, the price has been accumulating in an ascending triangle, pointing toward a breakout as soon as the daily price action closes above the 0.00001200 level.
The profit potential is ~50%, with the price climbing to the previous high as well as the previous support, which now might act as a resistance.
The profit potential is ~50%, with the price climbing to the previous high as well as the previous support, which now might act as a resistance.
Note
The Bitcoin Dominance chart aligns with my ideawhat do you think? Is there an Altseason coming? Let me know in the comments!
Note
A sudden increase could also result in an Inverse H&S pattern in the bigger picture, resulting in even more upside potential. SHIB is a really good buy after the confirmation
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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.