Bearish trend continues. Is it part of a bigger picture?
SHIB / TetherUS BINANCE:SHIBUSDT
Something makes me wonder whether this will turn into a wxyxz correction given the impulse wave failed to breakout of the down trend and we are on a 5 wave form down. Bottom target for next pivot is at 0.00002260 OB. We need good volume to break the pattern but should see rebound and up trend back to 0.00002700 range. My only worry is this is likely a B wave which will end in another 5 waves down. BTC has been holding relatively strong. No big dumps will help maintain strength in alts and memes. Its a difficult market to read.
