After topping out earlier this month, SHIBA has been trading one direction: down.
During this bearish period, a descending wedge pattern has appeared on the chart. Descending wedges are classically bullish reversal patterns. Seeing that the market's direction is still long-term bullish, I'm seeing a bullish break out as the most likely scenario.
Wait for a big daily candle to confirm the break out. Targets placed at the two most recent highs.
Happy trading!
During this bearish period, a descending wedge pattern has appeared on the chart. Descending wedges are classically bullish reversal patterns. Seeing that the market's direction is still long-term bullish, I'm seeing a bullish break out as the most likely scenario.
Wait for a big daily candle to confirm the break out. Targets placed at the two most recent highs.
Happy trading!
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İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.