SHIBA likely to retest triangle low OR engulfing candle low
SHIBA update from my last post
After breaking below the ascending triangle to make a Beartrap, Shiba went up to retest the triangle top,
was rejected & came back down failing to hold the 2 anchored VWAPS from ATH (violet) & also from 1Jan (orange).
With short term downward, it is very likely that Shiba wants to retest the 0.00002427 support which is also near the black VWAP from Jan low. Failure to hold here will send it lower to retest the most recent
engulfing candle low at 0.0000219 before another rally attempt to BO triangle.
Not trading advice
After breaking below the ascending triangle to make a Beartrap, Shiba went up to retest the triangle top,
was rejected & came back down failing to hold the 2 anchored VWAPS from ATH (violet) & also from 1Jan (orange).
With short term downward, it is very likely that Shiba wants to retest the 0.00002427 support which is also near the black VWAP from Jan low. Failure to hold here will send it lower to retest the most recent
engulfing candle low at 0.0000219 before another rally attempt to BO triangle.
Not trading advice
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