SHIB - Bullish or bearish?
SHIBA is showing us a descending triangle formation that can easily go either way.
Since the market is currently on a bull run I think we will see a break from the triangle to the upside and SHIB will soon retest ATH.
HOWEVER - pay attention to the $0.0000435 support level just below 0.5 Fibonacci. If price pierces through the support we will see some great move downwards.
Since the market is currently on a bull run I think we will see a break from the triangle to the upside and SHIB will soon retest ATH.
HOWEVER - pay attention to the $0.0000435 support level just below 0.5 Fibonacci. If price pierces through the support we will see some great move downwards.
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