Traders from our chart we can see that the SHIBA INU has been in a symmetrical triangle and had been rejecting on the support level of .044600 the question now is what happens from here??!
Personally from my own point of view I expect to see the SHIBA INU consolidate for a few days on the support level and rally to the upside and if it fails and breaks the support...
Bitcoin, i am long on it . btc broke out of it zone of 63000 going up hiting the level 69,000 and retesting the zone of 63000 next target on btc 70,000
GBP/AUD has been in a bearish trend shown on our hourly chart and right there we notice it formed a bearish pattern to continue the bearish trend i'll be going short on this market as soon as itgives us a confirmation to go short (break/retest)
Beautiful chart pattern in this market, looking at this chart we can see a bullish falling wedge this is telling me that we are likely to see an upward movement in this market.
TRADE SAFE AND USE RISK MANAGEMENT.
Looking at my chart the market is closed for the weekend Aud/Jpy as seen is in a consolidating area after breaking a structure in the market. This is my idea (''and if you have to take a trade towards my analysis you should trade carefully and use proper risk management'') i expect the market to breakout of the consolidating area and move to the downside.
TRADE...
For days, we've seen the meme currency also known to be (THE DOGE KILLER) SHIBA INU has been in downtrend inside of a symmetric triangle from what i see in my Chart it's likely we should expect a breakout of this structure and hope we see a good bullish momentum.
Chart has shown itself to be in a downtrend from my analysis this happening now is a breakout and from our stochastic RSI it shows to be in an over sold level so according to my analysis I'll be going short when the retest is completed
From the 1D T.F we look at a rejection at the 414.3 level with a bear candle. we tend to see a rejection at the 346.9around the 200MA level and a push towards the upside at the 414.3 leve will wait for a breakout and retest at the zone
Trade with caution..
From the chart above, its shows that we are in a ranging market and and it’s previous trend which is said to be the down trend has hit it the support level.
I noticed a rejection at the level so I expect to see a break and retest signal showing an uptrend formation.
