SHIBA INU OPPORTUNITY!!!!!
PLEASE READ BELOW.. IMPORTANT!
Disclaimer: This trade idea is for educational purposes only and is not intended to be financial advice, any trades taken based off this trade idea is taken at your own risk.
SCENARIO #1-have a flag pattern at the ATH of Shiba Inu, this slightly worries me as the support made up of the equal lows could be weakening due to the fact that price is creating lower highs into this support, which could indicate that sShiba will n fact fall from the current price , on the H4 we also have a possible distribution schematic, which could mean further downward momentum for Shiba
SCENARIO #2- Since Shiba broke to an ATH, it could be said that there is sufficient demand that is currently in play, on the H4 we have a possible re-accumulation schematic playing out, which could possibly mean that Shib will in fact head higher, the presence of the demand zone (as indicated by the green rectangle) shows that price is holding strong above this zone and this could mean that price will not break the demand zone but instead will head higher
Disclaimer: This trade idea is for educational purposes only and is not intended to be financial advice, any trades taken based off this trade idea is taken at your own risk.
SCENARIO #1-have a flag pattern at the ATH of Shiba Inu, this slightly worries me as the support made up of the equal lows could be weakening due to the fact that price is creating lower highs into this support, which could indicate that sShiba will n fact fall from the current price , on the H4 we also have a possible distribution schematic, which could mean further downward momentum for Shiba
SCENARIO #2- Since Shiba broke to an ATH, it could be said that there is sufficient demand that is currently in play, on the H4 we have a possible re-accumulation schematic playing out, which could possibly mean that Shib will in fact head higher, the presence of the demand zone (as indicated by the green rectangle) shows that price is holding strong above this zone and this could mean that price will not break the demand zone but instead will head higher
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