SHIB.X: Two Most Likely Scenarios Explained.

2021年11月2日

The recent uptrend started on October 31st and was strong enough to break out of the first down trend (labeled as "Cleared"). After a huge pump in volume a new downtrend within the uptrend (bull wedge) began to form but the volume is decreasing and that's normal in uptrends.
So the most likely scenario is labeled as #1. But we need to see higher volumes when breaking that red line. Otherwise, it would be a trap. The yellow line is our current uptrend and should stay intact for #1 to happen. It it breaks down we should lean toward the second scenario labeled #2. There we have to watch for our support levels and see if they are broken with volume or just tested for a new bull run continuation.

Refer to my tutorial on volumes for more detailed instructions on why that's normal.

2021年11月2日

註釋

There is a third scenario where there is will be a double bottom at the major resistance.

2021年11月2日

註釋

If the current green candle holds for the next two hours, the breakout is confirmed.

2021年11月3日

註釋

It did not and we are heading toward the scenario #2

2021年11月3日

交易結束：目標達成