Yesterday I made an analysis on SHIB and the bullish short-term triangle it was trading in. Shortly after my analysis the triangle broke and was saw a massive move up and both targets have been hit. Congratulations if you took the trade!
For now, SHIB is facing a massive resistance area which has been holding for almost 6 months now. In my view, it's likely that we're going to see some kind of consolidation here. Bears will be shorting, bulls will be exiting their longs here.
I'm waiting for a confirmed break of the top resistance before considering another long entry. Targets in blue.
