Wait for Retest Then Buy SHIB / End of Correction? / Daily
If you check my previous analysis on SHIBUSDT ,
you see then SHIB got bounced from support zone and got out of bear channel .
For major trend reversal we need break of trendline + moving average first.
Then trend extreme will be tested again ( Final Leg ) and trend get reversed finally.
tradingview.com/chart/ SHIBUSDT /tLj1ciD6-Descending-Channel-in-SHIBA-Wait-for-BO-Possible-Targets/
November 29, 2021 break of bear trendline was happened.
Then final leg again fall down and got stopped at the highlighted order block ( Previous Analysis ).
After touching order block, 4 consecutive bull bars were formed so always in long.
After another retest of this current breakout, you can buy for the target of 6256.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
you see then SHIB got bounced from support zone and got out of bear channel .
For major trend reversal we need break of trendline + moving average first.
Then trend extreme will be tested again ( Final Leg ) and trend get reversed finally.
tradingview.com/chart/ SHIBUSDT /tLj1ciD6-Descending-Channel-in-SHIBA-Wait-for-BO-Possible-Targets/
November 29, 2021 break of bear trendline was happened.
Then final leg again fall down and got stopped at the highlighted order block ( Previous Analysis ).
After touching order block, 4 consecutive bull bars were formed so always in long.
After another retest of this current breakout, you can buy for the target of 6256.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
