SHIB is moving in a bearish triangle pattern, What's next goal?
As you can see on the chart, Shiba is moving in a big bearish triangle pattern for about 10 Days!
What we expect from Shiba and what is the next move, Is dependent on the market & Bitcoin situation, I'm still bearish on BTC, You can see my last analysis on that coin.
Now for Shiba, I expect to see a little sideway movement and then a breakout from the downside of the triangle.
In this case, The next target is major support which I have drawn oh the chart. Although there is a possibility of breaking this triangle from above, but I prefer to consider a small probability for it.
What we expect from Shiba and what is the next move, Is dependent on the market & Bitcoin situation, I'm still bearish on BTC, You can see my last analysis on that coin.
Now for Shiba, I expect to see a little sideway movement and then a breakout from the downside of the triangle.
In this case, The next target is major support which I have drawn oh the chart. Although there is a possibility of breaking this triangle from above, but I prefer to consider a small probability for it.
