SHIB Major Trend. 09 2024

Logarithm. Time frame 1 week.
Line chart, without market noise.
Secondary trend. Channel Zone.
Logarithm. Time frame 1 week.
Line chart, without market noise.
๐ฎ #SHIB Analysis - Update ๐๐
๐ฒ As we said earlier #SHIB performed the same. More than 40% move already done in #SHIB Now we can see a little retest from its major resistance zone and after that a bullish move would be seen
๐ธCurrent Price -- $0.00002127
๐Target Price -- $0.00002747
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. ๐๐ธ
#SHIB #Cryptocurrency #Breakout #DYOR
๐ 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.
๐ In addition, if the previous floor or green box of stabilization occurs, the bullish scenario will be invalidated.
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Alikze.
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SHIBUSDT