Shiba Inu - Head and Shoulders is breaking out! + Elliott Wave
- On the daily chart the price is printing an inverse head and shoulders that is currently breaking out!
- Also we have a huge descending parallel channel, so be careful, because there is always a possibility that we will be rejected at the top of the channel.
- As per my Elliott wave analysis - the ABC retracement should be completed (ZigZag 5-3-5) and now we should go up at least temporarily.
- Wave B is always a strong resistance + 0.618 FIB, place your profit target here.
- Look at my ideas about interesting altcoins in the related section down below ↓
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