SHIB breakout expected soon

14 oct. 2021

After the insane bull run, SHIB is currently forming a symmetrical triangle. For the beginners out there, a symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Price can either break to the upside or downside, as because this pattern is neither bullish nor bearish. Break to the upside will give us a technical price target of around 0.00004600 and break to the downside is expected to be around 0.00001300.

Thank you, Have a nice trading day ahead