Looking at the patterns, Shib is finding support in the Green channel which was formed at the beginning of the big rally in October. In the 4 hour timeframe, Shib opened a new candle right under the top of the channel. Shib is facing some resistance at the top. The point of interest to me is, will Shib be able to break past the resistance (Red line) presented by the triangle formation while in the green channel. If it stay at the top of the channel and breaks the Red resistance line, in shows a strong buy and strong momentum towards the ATH. If it breaks downwards below Green channel, I see a strong sell momentum. With this said, Shib seems to be at the top of all traders minds. All the news of course will have an effect on this token.
THIS IS NOT FINANCIAL ADVICE, THIS IS MY PERSONAL VIEW AND ANALYSIS. PLEASE DO YOUR OWN RESEARCH AND TRADE WITH CAUTION. Big THANK YOU for checking this out. Good luck to all of you.
THIS IS NOT FINANCIAL ADVICE, THIS IS MY PERSONAL VIEW AND ANALYSIS. PLEASE DO YOUR OWN RESEARCH AND TRADE WITH CAUTION. Big THANK YOU for checking this out. Good luck to all of you.
