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September 26, 2024 at 02:04PM Alikze »» SHIB | Upward wave 3 scenario
Alikze »» SHIB | Upward wave 3 scenario
SHIB / TetherUS BINANCE:SHIBUSDT
🔍 Technical analysis: The scenario of the 3rd wave of the rising super cycle
- In the analysis presented in the previous post, after an upward wave up to the area of 2.618, the previous wave itself experienced significant growth.
- Currently, in the weekly time frame, after going through a downward trend in a channel, it managed to have a complex structural correction to the green box range, which led to an exit from the channel.
- Therefore, according to the current momentum, it will have the ability to reach the target of Fibo 1.618 range and then up to its previous ceiling.
- After that, if the previous ceiling is broken, the rising wave can extend to the specified supply area.
💎 In addition, if the previous floor or green box of stabilization occurs, the bullish scenario will be invalidated.
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SHIBUSDT
September 26, 2024 at 11:12AM Shiba Inu Long-Term Bull-Market Price Dynamics Explained
Shiba Inu Long-Term Bull-Market Price Dynamics Explained
SHIB / TetherUS BINANCE:SHIBUSDT
A bullish trend, uptrend or bull-market, is defined by higher highs and higher lows.
Shiba Inu (SHIBUSDT) hit bottom in June 2023 and proceeded to produce a strong bullish wave. The recovery wave or initial bullish breakout. Phase 1 of the bull-market.
This wave peaked in early 2024, March, and produced a classic correction.
This correction ended in early August 2024. This low ended as a higher low compared to the low that was hit in June 2023. This means that we are in bullish territory.
Right now we are seeing strong bullish action and potentially the resumption of the bullish trend/move.
Now, this move can hit a lower high compared to the peak in March, then another higher low followed by higher prices... This is a long-term process and will continue to develop for more than a year. This is explained in detail in the SEIUSDT trade-idea which is shared here for your convenience.
➖ SEI | Altcoins vs Tether Map Revealed (Phase 1)
Regardless of how the short-term action develops, we are set to experience long-term growth. We are set to experience higher and higher until a major new All-Time High in 2025. This will happen during the bull-run phase of the bullish cycle, most likely late 2025 but in some cases it can happen in mid-2025. Allow for strong variations across the market.
Specifically for Shiba Inu it is likely to happen Q3-Q4 2025, that is, the new All-Time High.
Maximum speed across the entire market should be fully present after February 2025. At this point, March 2025 and onward, everybody will be aware of the bull-market. If you are reading this now, you are early and have an amazing opportunity right in front of you.
Thank you for reading.
Your support is appreciated.
Namaste.
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