SHIBUSD.P trade ideas
SHIBA INU : Ready to Fly NowShibu Inu (SHIB) coin has witnessed steep correction for quite some time and now consolidating for a long time. On the hourly chart, as of now, SHIB is trading inside a double symmetrical triangle continuation which shows the distribution is finally over and breakout can come anytime.
Also, on the Rate of Change Indicator has crossed above zero indicating the trend may have finally ended and rally may start soon. It is currently taking support on the white line.
This is why keep a close eye on SHIB Shiba Inu’s price as it may surprise you with price hike.
Now, see on the daily chart, how beautifully it is following the long-term support line. It’s also on 0.38 Fibonacci line on daily chart.
The trade set-up looks perfect and the SHIBU seems to be ready to fly for here. You can start accumulating from here. No wonder, it may break ATH.
SHIBA FRESH UPSIDE RALLY STARTED. KEEP ADDING AT THESE LEVELExpected move in SHIBA as it took nice support exact at the 1st ATH
and bouncing back..
Nearest Upper Important level to watch
Which will act as Resistance is 0.06000, 0.07500 & ATH 0.08800
According To Fibonacci Retracement level
Expected Nearest New Target will be 0.012000 to 0.017000
Shiba Inu looks to triple again Shiba Inu price is traversing a bull flag setup, suggesting a breakout is likely.
A daily close above $0.0000692 will confirm the start of an upswing.
If SHIB produces a lower low below $0.0000520, it will invalidate the bullish flag thesis.
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