• January 21, 2024, 12:43 pm
• January 21, 2024, 6:57 am
• January 20, 2024, 9:39 pm
Shiba is "touching" EMA200 and descending triangle is still in play - probably not for long ;). FIB retracement is close to 0.786. Looks like good entry point for medium to long term
A possible pullback for a long position at the key falling wedge breakout the price also now at the key weekly support EMA50W with bullish pinbar.
If successfully takes out the previous high at fibonacci 100% extension, the next target 1-2-3 pattern at 161.8% and 261.8% level +75% and +130%+
weekly MACD: doubled bullish divergence at the pivot point, golden crossed and above baseline supporting the uptrend continuation when retesting the baseline.