Search This Blog
Sunday, December 8, 2024
DXY: Consolidation likely intra-day – OCBC: Analytics and Market news from 5 December 2024 09:23 - TeleTrade
December 08, 2024 at 01:11AM shib bullish
shib bullish

keep eye on this ,it will easily pump 16-17% after breakout
Saturday, December 7, 2024
December 07, 2024 at 08:34PM Moon Soon?
Moon Soon?

Clear bullish ascending triangle after pretty strong consolidation. Doge has a similar pattern, which is also a good thing because they pretty much follow each other. Now we wait for the 4H candle close and the breakout should be confirmed.
December 07, 2024 at 06:29PM Shib
Shib

Although we haven’t pulled back in again we are testing critical resistance of the weekly chart. Between 3200-3300 shib is testing for the 3rd touch of the downtedning resistance.
Could we actually get a rejection here and pull back down for one last reload attempt ? Currently we seem to be fighting between 50% support of 2866 and the resistance from .382 fig around 3280
If shib can pop 3300 we should see a swift move to 3700 but if we reject its possible for a pull back to 2866 which is the 50% and if we lost that would
Be around 2455 which is .618
I can’t tell just yet which way shib will go, either way we should be positioned nicely already as I have been posting between 2700-2900 buy areas That continues to be the case until we pop 3300 with conviction then 3300 could be support zone to buy. Let’s just wait and see how this reacts.
If this is a larger downtrend resistance pattern like this, shib could see as high as 0.0001700 within this cycle
Thanks for reading ! Let me know what you think shib will do if you made it this far comment breakout or pull back!