1000SHIB USDT - SETUP

2 июл. 2021 г.

SHIB is looking nice here for a potential move to the upside, we have broke above the downtrend on the daily timeframe and formed a massive double bottom formation, the market has now came down to retest previous resistance as new support also in confluence with the 0.50 fib. Now on the 4hr timeframe what we can currently see is we are respecting this counter descending trendline, IF however we see a 4hr candle close above this zone and a new higher high form. On the retest is were we can possibly look at capitalising on the continuation to the upside. Have to be very cautious here with altcoin long setups due to BTC bearish daily price action, we will only take these setups if entry rules are satisfied.