Importance of Weekly candle: SHIBA $SHIB - Historical Trendline
Critical weekly candles ahead of us.
As one can see, we are facing resistance of a historical trend line that is putting pressure on current price ranges.
A breakout means visiting both previous highs, 4500 and 8800.
We are today at 3000.
That's 50% and 200% potential gains.
Potential Critical Dates: Week of Jan 13th, May 12th, and August 11th 2025.
Note: We are still above the cloud and that's good.
Weekly Chart.
As one can see, we are facing resistance of a historical trend line that is putting pressure on current price ranges.
A breakout means visiting both previous highs, 4500 and 8800.
We are today at 3000.
That's 50% and 200% potential gains.
Potential Critical Dates: Week of Jan 13th, May 12th, and August 11th 2025.
Note: We are still above the cloud and that's good.
Weekly Chart.
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