SHIB
Before every correction, there always seems to be at least one or sometimes quite a few coin charts that print a whipsawing candle.
And here SHIB has printed a whipsawing Shooting Star - signalling it has reached a key resistance point.
In the short term anything can happen, but that star has fairly high odds to be signalling downside in the pipeline at some point.
Also it is a somewhat choppy ascending line - which could be building cause for downside action.
This is also in tandem with stock indexes potentially reaching bearish inflection point ~ see linked threads 🧐.
This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.
Before every correction, there always seems to be at least one or sometimes quite a few coin charts that print a whipsawing candle.
And here SHIB has printed a whipsawing Shooting Star - signalling it has reached a key resistance point.
In the short term anything can happen, but that star has fairly high odds to be signalling downside in the pipeline at some point.
Also it is a somewhat choppy ascending line - which could be building cause for downside action.
This is also in tandem with stock indexes potentially reaching bearish inflection point ~ see linked threads 🧐.
This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.
Note
I'm noticing on TradingView that I receive more content from publishers that I BOOST / comment on and the algorithm seems to reduce my receiving content from publishers that I have not engaged with their threads.So hit the BOOST / comment if you want to receive more of my content, and obviously that also assists me in reaching more viewers 👍.
Note
This one was a nice catch and quite a nasty slump - I'll be looking to buy dips.
Your FA guru can't read a chart💭
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I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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Disclaimer
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.