This is why the price should continue to rise. There is a recently formed cup and handle pattern on the 1hr time frame. We should expect a bullish consolidation. Resistance is heavy 0.00000992.
SHIBA needs to break out above the resistance.
Entry: 0:00000994 ( please keep an eye out for an increase in volume)
price target 1: which is the size of the handle above the resistance 0:00001049 which also correspondence with the fib level.
Price Target 2: The height of the cup 0:0001150.
Please note a lack of volume can totally invalidate this.
SHIBA needs to break out above the resistance.
Entry: 0:00000994 ( please keep an eye out for an increase in volume)
price target 1: which is the size of the handle above the resistance 0:00001049 which also correspondence with the fib level.
Price Target 2: The height of the cup 0:0001150.
Please note a lack of volume can totally invalidate this.
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