Good morning everyone, I hope you are all doing fantastic. We have recently had a healthy pullback after some massive gains over the past week, and I would like to give my TA for what's to come.
As you can see on the 1 hour chart, from October 26th to October 27th we have had strong bullish action take place before the pullback recently. From what I can tell, we are experiencing a solid asymmetrical triangle from the late hours of the 27th, to now.
As we have had recent bullish action, I believe this to be a bullish asymmetrical triangle. My prediction is a bullish breakout during the later hours of today, the 28th of October. Stay strong and HODL on, lets go ShibArmy!
As always, chart patterns don't always work, and it is totally possible to have a rejection and continue downwards, so please take this idea with a grain of salt and trade wisely. Take care!
As you can see on the 1 hour chart, from October 26th to October 27th we have had strong bullish action take place before the pullback recently. From what I can tell, we are experiencing a solid asymmetrical triangle from the late hours of the 27th, to now.
As we have had recent bullish action, I believe this to be a bullish asymmetrical triangle. My prediction is a bullish breakout during the later hours of today, the 28th of October. Stay strong and HODL on, lets go ShibArmy!
As always, chart patterns don't always work, and it is totally possible to have a rejection and continue downwards, so please take this idea with a grain of salt and trade wisely. Take care!
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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.
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.