SHIBA is showing us a descending triangle formation that can easily go either way.
Since the market is currently on a bull run I think we will see a break from the triangle to the upside and SHIB will soon retest ATH.
HOWEVER - pay attention to the $0.0000435 support level just below 0.5 Fibonacci. If price pierces through the support we will see some great move downwards.
Since the market is currently on a bull run I think we will see a break from the triangle to the upside and SHIB will soon retest ATH.
HOWEVER - pay attention to the $0.0000435 support level just below 0.5 Fibonacci. If price pierces through the support we will see some great move downwards.