SHIBUSDT.P Idées de trades
Big opportunity to buy SHIB / USDT 240Hello everyone, SHIB / USDT is in a bullish movement with trading buy volume returns.
So we are in an upswing again.
The price reacted strongly on the resistance to rebound thereafter on its upward trend line which acts as support.
It is possible to make a pull back on this one which will correspond to the SMA 19 we will have the signal of the rise to breakout the zone of resistance.
And give up its last high in order to reach the next resistance zone.
On its trajectory it will have to make the test of the long term SMA and of a resistance or a pull back to return on support or to break them to arrive on the resistance.
This is not investment advice but a usage recommendation.
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Shiba Inu : Dumb money is here...I really don't like this coin fundamentally but dumb money is here so let's learn from it.
We could recognise a pennant pattern right here which is crazy cause :
" - In 75% of cases, a pennant’s exit is in the same direction as the movement preceding its formation.
- In 90% of cases, a pennant is a continuation pattern. "
That would mean that if we get out by the upside as a continuation we could have a 106% move to the upside.
However, We although have a bearish divergence that hasn't played out on the RSI and the MACD is giving us a bearish cross so I would be really cautious.
A breakout on volume of this pennant would give me a clear way on where to go.
Break on the upside and I would go :
TP1: 0.000005297
TP2: 0.000006645
SL: 0.000002736
Break on the downside and I would wait to see Price action in zone 0.000001349-0.000001614 which could be a nice zone to recharge.