liking what I see on the 1hour
MACD turning
Hidden bullish div, could drop a bit further to .786 and make a bigger fallen wedge before breaking out to the upside
Stop loss below 200 MA on the 1 hour
lets wait and see
After the pretty decent move we had recently shib has pulled back about 50% of the move we had. We still remain well above the breakout area. This is a great sign for us. It is now consolidating again and seems to be getting tighter here. We could start to curl and head back up ultimately breaking through 3025 area and holding above will b the next bull sign we need.
I am continuing to load up on this while it’s below 3k area. In the long run this will be worth the buy in my personal opinion. Let’s see if shib can pop above here shortly. I see it’s getting tighter
On the chart we have a big triangle which is a continuing triangle and the wave before this triangle was also bullish.
From where we placed the red arrow on the chart, this triangle has started to form.
Wave D now appears to be ending. Wave D is diametric.
On the green range, wave E can end and then a bullish wave begins.
The target of the move after the triangle can be the break of the ATH
Closing a daily candle below the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
SHIB to USD is a giant cup and handle, likely bullish continuation
