SHIB
Its all very scary today in crypto, but relative to the chart, SHIB and other coins I cover has not made any significant bearish price discovery.
Its all been volatile chop but this appears to be printing a high time frame shallow descending channel - that may even have bullish cause.
The bullish engulf (curved arrow) is a positive chart event and really not much is happening unless the lows are tested - and they are a distance away 👍.
This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.
Its all very scary today in crypto, but relative to the chart, SHIB and other coins I cover has not made any significant bearish price discovery.
Its all been volatile chop but this appears to be printing a high time frame shallow descending channel - that may even have bullish cause.
The bullish engulf (curved arrow) is a positive chart event and really not much is happening unless the lows are tested - and they are a distance away 👍.
This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.
Trade active
See linked threads for relevant content.Note
Bears going wild hopping into highly leveraged positions but for coins like SHIB, not much is happening in terms of breaking structure - press play to see.The October 10 is a long way down and this area seems to be more a case of how deep the dip will be.
HODL bulls obviously deep in the lavatory in this area not thinking about any deep dips - thats how it goes 😅
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.
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.