SHIBUSD Next leg up long term.

1 Nis 2023There's enough liquidity in SHIB to determine that elliott wave analysis does hold strongly. I've marked out the high quality order blocks on the 1hr that follow 3 strict rules. 1) Must form market inefficiency. 2) Must break structure/form Change of character 3) Order blocks must be un-mitigated.

Using Elliott wave theory we can see a familiar Double ZigZag formation is coming together with half of wave B completed. I suspect the lowest unmitigated orderblock to be the permanent bottom of SHIB until liquidity dries up.