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Monday, October 7, 2024

October 07, 2024 at 02:32AM Shiba Inu (SHIB) 400% bull flag

Shiba Inu (SHIB) 400% bull flag

SHIB / TetherUS BINANCE:SHIBUSDT

On the above 5 day chart price action has corrected 75% since March. A number of reasons now exist to be long, they include:

1) Price action and RSI resistance breakouts.

2) Trend reversal, a higher higher prints with the flag breakout.

3) The Bull flag confirmation. A 2nd impulsive move print takes price action to 0.000074 area or 400%

Is it possible price action corrects further? Sure.
Is it probable? No

Ww


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