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Wednesday, November 8, 2023

November 08, 2023 at 06:34AM SHIB USDT - PUMP IT UP

SHIB USDT - PUMP IT UP

SHIB / TetherUS BINANCE:SHIBUSDT

This trend line started exactly 2 years ago. Imagine what happens when this trend gets broken... a mega pump to the upside.
Why would this trend get broken?


TOTAL making new highs, meaning new liquidity is coming into the market

BTC.D tipping over (liquidity moving from BTC to ALTS)

TOTAL3 just broke out its wedge to the upside

VMC Cipher_B_divergences shows 2x bullish divergence on the weekly timeframe

VMC Cipher_B_divergences shows an even larger bullish divergence on the weekly timeframe

However, keeping track of BTC moves. One should always be careful with slowly increasing channels after such a big move as we had on the 24th of October. Could be a setup for a dump that (generally speaking) brings prices of all coins back down.

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