Hello friends, today you can review the technical analysis on a 1D linear scale chart for Shiba Inu (SHIBUSD), an altcoin.
Quick Analysis:
After long awaiting, Robinhood finally listed Shiba Inu on the app. Shiba Inu has been in a descending channel and a triangle pattern which it broke out of with the Robinhood listing news. The RSI and MACD both show a level of bullishness as well, which can push the price higher. Using the descending channel's measured move upwards as well as the Fibonacci Retracement, the price has the chance to move up almost 50% from current price levels. Keep a very close eye on the Volume, RSI and MACD.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Quick Analysis:
After long awaiting, Robinhood finally listed Shiba Inu on the app. Shiba Inu has been in a descending channel and a triangle pattern which it broke out of with the Robinhood listing news. The RSI and MACD both show a level of bullishness as well, which can push the price higher. Using the descending channel's measured move upwards as well as the Fibonacci Retracement, the price has the chance to move up almost 50% from current price levels. Keep a very close eye on the Volume, RSI and MACD.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
I chart on Tradingview: www.tradingview.com/symbols/BTCUSD/?aff_id=25106
I hold crypto on Ledger Hardware: shop.ledger.com/?r=9f683f228f19
I find value in the data from LuxAlgo:
www.luxalgo.com/pricing?rfsn=6252565.5f61bd
I hold crypto on Ledger Hardware: shop.ledger.com/?r=9f683f228f19
I find value in the data from LuxAlgo:
www.luxalgo.com/pricing?rfsn=6252565.5f61bd
