SHIB/USDT Ready For a Breakout From Descending Triangle👀🚀
💎#SHIBUSDT is tracing a Descending Triangle pattern and we expect a bullish breakout from this.
💎The horizontal support level has been tested multiple times. The 200 moving average highlights a bullish trend. A definitive breakout from the triangle pattern is essential to confirm a bullish move.
💎When it breaks free, we'll closely monitor a retest to validate the breakout before executing our strategies. If #ShibaInu maintains the support at $0.00002068 and rises, we aim for the resistance zone we've outlined.
💎However, if #SHIB fails to hold this support and slips back into the pattern, it may indicate a weakening bullish trend. In this case, the price could fall to the next significant support level at $0.0000182.
💎Previousally,
SHIB has shown a robust ability to rebound from this level. If this pattern persists, a strong recovery could be in play. Nevertheless, a decisive break below this support would shift our bullish perspective towards a more bearish outlook.
MyCryptoParadise
iFeel the success
💎The horizontal support level has been tested multiple times. The 200 moving average highlights a bullish trend. A definitive breakout from the triangle pattern is essential to confirm a bullish move.
💎When it breaks free, we'll closely monitor a retest to validate the breakout before executing our strategies. If #ShibaInu maintains the support at $0.00002068 and rises, we aim for the resistance zone we've outlined.
💎However, if #SHIB fails to hold this support and slips back into the pattern, it may indicate a weakening bullish trend. In this case, the price could fall to the next significant support level at $0.0000182.
💎Previousally,
SHIB has shown a robust ability to rebound from this level. If this pattern persists, a strong recovery could be in play. Nevertheless, a decisive break below this support would shift our bullish perspective towards a more bearish outlook.MyCryptoParadise
iFeel the success
Not
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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.
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.