Daily triangle
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Shiba will eventually hit ATH, pessimistically by late 2025 or 2028...
#SHIBUSDT
UPDATE
SHIB is making Bullish pennant and almost ready for breakout. After this Breakout. We can see gain here upto 50%+ soon✍
The 3 scenario's of the coin.. Goodluck out there... 
DXY
Looking good for #SHIB , old support still got respected, now we are heading to break new resistance.
- 4 hrs is selling is lighting up
- Can see realignment of MACD and Buying/Selling Ratio
- RSI in good position
I notice plenty of pessimistic predictions alongside optimistic analyses claiming a bullish trend, including assertions that "INDICATORS SHOW BULLISH" - which I find unreliable. Oscillating indicators are not effective unless applied to mean-reverting stocks, and cryptocurrencies do not fit this category nor does the current market environment. Additionally, the concept of "burning" tokens, supposedly reducing supply and suggesting scarcity, is irrelevant without a significant shift in market liquidity favoring upward movement or the presence of substantial buying pressure to drive prices higher. For prices to ascend, significant players must navigate the bid-ask spread with minimal liquidity on the selling side, a scenario complicated by various order types making it challenging to predict movements. Historically, examining past performance and identifying low volume nodes can reveal support and resistance levels, where market imbalances occur.
My point stems from the possibility of breaking through current patterns toward a downturn, yet it doesn't necessarily imply a continued downward trajectory; such movements can also signal opportunities for significant investors to capitalize on liquidity. I find value in purchasing at low volume nodes beneath the last Point of Control (PoC) traded, considering these levels as bargain areas. In contrast, levels above the PoC are deemed costly, barring a surge in relative volume accompanied by a sustained price increase, indicating substantial buying activity overcoming the bid-ask spread and absorbing available liquidity, likely driving prices higher. The highlighted green areas represent support; crossing these could lead to a movement toward the next level of support or the subsequent highlighted green line.
Therefore, relying solely on indicators without a deep understanding of market microstructure and the factors influencing asset prices is misguided. Price action remains a critical indicator, far superior to any isolated analytical tool. Importantly, fundamental market dynamics render such indicators irrelevant during cryptocurrency bull runs or halving cycles.
