Shiba Inu is currently being held by a parabolic curve which is being respected well. We could be making a double bottom (reversal pattern) before we break out of the parabolic curve.
Historically, parabolic setups often have a massive breakout. We could see Shiba blow past all time highs and make gains of over 400%
Trade Idea:
- Watch for price action at double bottom
- If we break out early, will watch for bullish corrections on the 4H timeframe
- Targets: 50% fib for first target, 100% fib for second target, actively manage the rest
Goodluck!
Historically, parabolic setups often have a massive breakout. We could see Shiba blow past all time highs and make gains of over 400%
Trade Idea:
- Watch for price action at double bottom
- If we break out early, will watch for bullish corrections on the 4H timeframe
- Targets: 50% fib for first target, 100% fib for second target, actively manage the rest
Goodluck!
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📊 Free analysis (Telegram):
t.me/Wicktator
t.me/Crypto_Wick
⭐ VIP - Forex, Gold, Bitcoin:
t.me/WicktatorVIP_bot
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Want more breakdowns like this? Links below:
📊 Free analysis (Telegram):
t.me/Wicktator
t.me/Crypto_Wick
⭐ VIP - Forex, Gold, Bitcoin:
t.me/WicktatorVIP_bot
📊 Free analysis (Telegram):
t.me/Wicktator
t.me/Crypto_Wick
⭐ VIP - Forex, Gold, Bitcoin:
t.me/WicktatorVIP_bot
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.