IkkeOmar

SHIB: Ready for another breakout?

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BINANCE:SHIBUSDT   SHIB / TetherUS
Intro:
Shib has suffered a correction since it's recent high, but I think it's starting to wake up again.
I see a potential breakout after a false breakdown.

Analysis:
I don't have a crystal ball, so I can't predict the path SHIB will take, I do however expect that we will hit my entry before hitting the target.
When looking at the smaller timeframe (4H kernel and 15m timeframe chart) we see confluence:
Note that the kernel is currently near the level of the support line that I have drawn, this means that we could see a bounce off the support. In any case, I will try to enter based on the Adaptive MCVF

Let me know what you think, do you agree or disagree? Don't hesitate to let me know why in the comments below.
God bless you
Stay safe!

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