SHIBA INU, HUGE Triangle COMPLETED, ROAD To New A.T.H!!

25 Eki 2021

Hello,

Welcome to this analysis about SHIBA INU and the 4-hour timeframe perspectives. Since Shiba heavily exploded from its accumulation phase to the upside it showed up with a major altcoin-bull-paradigm within the cryptocurrency market almost replicating what Doge once did. The volume and trading activity for Shiba heavily increased in an accelerated manner never seen before and as this increase of bullishness happened Shiba became the most traded currency in coinbase. All these paramount developments can be kept from the desk and in this analysis I have a look at what is going on with this coin and if we can expect a continuation of this established bull-phase Shiba has shown up with.

As when looking at my chart now we can watch there that since showing up with the massive bullishness Shiba began to form this huge ascending-triangle-formation with the coherent wave-count within the formation almost completed before Shiba Inu recently showed up with the bounce off the important and pivotal 20-EMA confirming the strong bullish breakout above the upper boundary of this absolutely central formation. Also Shiba was one of the strongest coins with this recent breakout moving several points above the previously established high and increasing with spread and volume in this case. Above the upper-boundary Shiba is now forming this triangle-formation which is confirming the breakout.

The fact that Shiba formed this solid breakout above the boundary and that it is now validating the breakout with a formation gives the indication for the next main bullish wave to show up within the upcoming times as marked in my chart. When this happens and Shiba moves on forward to increase bullish demand and price-action this will lead to the new all-time-high above the previous one marked in my chart at the 0.00005 level in orange. This will be the forming of this major wave C to the upside and the overall targets of this wave are within the 0.000064 level marked in blue from where the situation in terms of bullishness needs to be elevated anew, for now, we should expect the wave to emerge as the technicals give the green light.

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Information provided is only educational and should not be used to take action in the markets.