SHIBA has made a huge move early in October. After this violent rise, SHIBA is slowly moving down and seeing some consolidation.
Currently, an early bull flag pattern is appearing on the chart. The bottom support line is expected to hold, especially with a strong Bitcoin. In case of a reversal from there, I'm expecting a bullish move towards the top resistance of the triangle.
I'm expecting a 1-2 week period of consolidation for this token since it did a x4 very recently. With the current state of the market, I'm expecting a bullish break out.
Happy trading!
Currently, an early bull flag pattern is appearing on the chart. The bottom support line is expected to hold, especially with a strong Bitcoin. In case of a reversal from there, I'm expecting a bullish move towards the top resistance of the triangle.
I'm expecting a 1-2 week period of consolidation for this token since it did a x4 very recently. With the current state of the market, I'm expecting a bullish break out.
Happy trading!
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