SHIBUSDT.5L trade ideas
SHIBA INU get set Taking support at crucial levels. And after so much of negative vibes shiba showing recovery signs for investors.Whale identifier showing huge volume by some investor. can it reach 0.005 dollar in 2023 is a big question.Investors have higher faith and confidence that shiba will meet their expectations.
Will the meme token SHIB can rise again?SHIB gave multifold returns last year, and it started falling after reaching a new ATH. It keeps resisting a trendline during this time, from which it broke out yesterday. However, the price is currently trading near the resistance level. Either breaking this level or a retest of the trendline will be a perfect opportunity for the trade.
DYOR
SHIBUSDT | The best scenario for falling 📝Hello traders, SHIBUSDT in daily timeframe , Based on the wave count we had:
Waves 1 and 2 are completed.
We are now at the beginning of wave 3, consisting of wave 3, microwave 1, and the structure of wave 2 is being formed.
Wave 2 is usually zigzag and has a steep slope.
The current trend is also zigzagged, and from this pattern wave a is completed and wave b is probably completed.
From this zigzag , only wave c is incomplete and we assume that wave c forms its first wave and completes the rest of the waves up to around 0.002145.
If the red circle and the upper side of the channel are broken, the structure will change and there is no hope for this decline at the moment.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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