SHIB: Looking VERY GOOD! Key points to watch next.
• SHIB is trying to trigger an IH&S chart pattern just above the key support at the black line;
• Would be important to see SHIB breaking the blue and purple lines in order to trigger a bullish reversal – this could make it seek higher levels;
• However, if it loses the black line, it will frustrate any possible reversal thesis, and the next stop is at the next support, around the red line;
• Whatever side it breaks, SHIB looks interesting. For now, let’s pay attention to these lines on the chart.
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• Would be important to see SHIB breaking the blue and purple lines in order to trigger a bullish reversal – this could make it seek higher levels;
• However, if it loses the black line, it will frustrate any possible reversal thesis, and the next stop is at the next support, around the red line;
• Whatever side it breaks, SHIB looks interesting. For now, let’s pay attention to these lines on the chart.
Remember to follow me to keep in touch with my analyses!
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