SHIB is in a bullish pennant flag that is about to break out to the upside. It is a beautiful flag with a huge pole, perfectly executed.
The Fibonacci retracement is giving us the target price (TP) with 100% potential.
Just follow the chart; it is pretty obvious. The Stochastic RSI is about to pump on the daily chart.
Everything is aligned for a bullish wave.
DYOR (Do Your Own Research), as anything can happen. This is my personal opinion, not investment advice.
Note
SHIB has broken out of its descending range. Is this the start of a new bullish wave? Or is it going to consolidate and re-integrate the range? It all depends on BTC apparently. If BTC pop to 67K and stabilize here, we will see the bullish confirmation.
Note
SHIB has broken its Bullish pennant and has confirmed the move. Now it is a matter of time until we get a pump to TP1
Note
Bearinsh market affecting all the altcoins globally. Apparently investors are flipping their altcoins to BTC to make money on its next pump. All altcoins affected, Meme are the ones bleeding the most. Wait the bottom for a resume of the up trend.
Order cancelled
This meme coin underperformed in a massive failure. I does not deserve to be in an altcoin portfolio at the moment. Is it still a meme coin? With all the projects, it is more like a normal project, moving slowly and under performing BTC I close the trade, and move to another meme coin.
Note
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Trade active
I re-open this trade, since SHIB is showing sign of life and is starting to move up. Maybe it was a bit sleepy when BTC pumped? Let see if we can reach the TP1 this time!
Trade active
TP1: Target at 0.00002725 reached! Finally
Note
BTC had a drop and SHIBA went back to 1 month ago at 0.00002100, now recovering at 0.00002300. Jezzz, reaching to TP2 is going to take a while!
Trade closed: target reached
Well we reached TP1 but the market has changed drastically with BTC dumping from 71k to 65K and this plan has to be re-done.
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