Shibusd definitely overshot it’s breakout target

2021年11月1日

We can see here how once shiba inu broke above the neckline of the cup and handle it formed it skyrocketed and well overshot its measured move target. However now that it is correcting that same measured move target zone it over shot is now acting as support. Which goes to show us even if price action well exceeds the projected breakout move, the target can still easily serve as support afterwards. I it happens to correct lower than this then it could also serve as significant resistance. Only if it flips to solidified resistance thirst though.

2021年11月4日

註釋

Shib looks like it wants tor test the rim line of the cup.