So SHIB/1000SHIB gave successful breakout from falling channel pattern and also reached target price and got rejected after touching target price. So now there are two ways it can act----> 1)If it breaks support of 0.026191 than it may fall as low as 0.024841 and if that level is broken too than it will show price of 0.023353 2)If it bounces back from 0.026191 than it will show price of 0.027564 and if it stays bullish than it may also reach 0.033018
Conclusion - Price has rejected from its target price of falling channel pattern so it may show as low as 0.026191 and if price also breaks support of 0.026191 than it may show 0.023353 OR Price may respect support of 0.025715 and in this case it will show price of 0.027564 and if it stays bullish than it may also reach 0.033018 The price will eventually reach 0.028761 after being bouncing from 0.026191 or 0.024841
(As you can see I cant tell clearly and I just started LEARNING technical analysis, so obviously this is not financial advice, even I don't trust my analysis )
Hi, congratulations on sharing your first chart with the community. We hope you enjoyed the experience. Hope you get rich :) ✌🏽from mod @Nico.Muselle, TradingView moderator
✌🏽from mod @Nico.Muselle, TradingView moderator