RLinda ! SHIBUSDT -> Triangle. Pre-breakdown potential

25 sie 2022

SHIBUSDT is trading in an uptrend. The coin has recently ceased to correlate strongly with the movement of the market.

The chart shows that the price was trading in the channel, the resistance was broken through, the impulse of 38 percent, after the pullback on the border of the ascending channel a triangle pattern is formed. The price continues to test the channel resistance. I assume that it may be broken through.

Since the trend is upward, the price breaks through the resistance and trades at the level, I will wait for the price to fix either above the resistance of the ascending channel, or above the resistance of the triangle with the subsequent search for an entry point to buy. Short-term target is resistance at 0.1437, medium-term target is resistance at 0.1637.

Regards R.Linda!

25 sie 2022

Zlecenie aktywne

The breakdown of the triangle resistance and the formation of the pulse. We expect the development of further events in terms of achieving goals