SHIBUSDT ! Resistance retest. Breakout or pullback?

٨ أغسطس ٢٠٢٢

The SHIBUSDT is trading in an uptrend channel, which can be seen from the rising trend lines of support and resistance.

On the chart, the price is forming a consolidation between the levels of 1246 and 1167, the price is also testing a local downtrend line on the uptrend, there are prerequisites for a breakdown of this level

I assume that consolidation around the resistance may continue by breakdown of this level and we will see growth. The short-term target is resistance 0.00001317, and the medium-term target is 0.00001437.

Regards R.Linda!