SHIBUSDT Will skyrocket if it breaks this pattern
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For this particular analysis on
SHIBUSDT we are using the SHIBUSDT symbol on the OKX exchange.
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The idea is on the 1D time-frame whereSHIBUSDT has been trading within a Triangle pattern since the May fall. Based both on the price action and the 1D RSI sequence, it resembles a lot the 'Accumulation' Triangle that followed the May 2021 fall. This pattern broke hyper parabolically to the upside, when the price broke above its top (Lower Highs trend-line). =
Of course the fundamentals at the time were (much) different but patterns tend to follow certain human psychology behind them. If the market does enter into a new Bull Cycle by the timeSHIBUSDT breaks above it's Triangle, it is not that unlikely (having the right fundamentals behind it, e.g. Twitter) to see it hit the 0.000025 - 0.000030 zone, being one of the first token to turn parabolic and lead the bull season.
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For this particular analysis on
SHIBUSDT we are using the SHIBUSDT symbol on the OKX exchange.*** ***
The idea is on the 1D time-frame where
SHIBUSDT has been trading within a Triangle pattern since the May fall. Based both on the price action and the 1D RSI sequence, it resembles a lot the 'Accumulation' Triangle that followed the May 2021 fall. This pattern broke hyper parabolically to the upside, when the price broke above its top (Lower Highs trend-line). =Of course the fundamentals at the time were (much) different but patterns tend to follow certain human psychology behind them. If the market does enter into a new Bull Cycle by the time
SHIBUSDT breaks above it's Triangle, it is not that unlikely (having the right fundamentals behind it, e.g. Twitter) to see it hit the 0.000025 - 0.000030 zone, being one of the first token to turn parabolic and lead the bull season.-------------------------------------------------------------------------------
** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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