SHIBA INU (SHIB / USDT) Triangle, double maximum?. Warning. If you are a Shiba inu investor, you should see this article.
What is the price that does not retreat after a 300% pump telling us?
A new photo of Elon Musk's Shiba is waiting for the price
We will see
Today we see that Alcoins fall between 1% to 3% and shiba continues to lateralize
The price continues in a channel in the last hours.
The upper part of the channel coincides with the closing and opening candles of past days
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Let's start at
Warning
After a 300% rally without fundamentals what can happen to the price.
We see the formation of a triangle that would have to break, but for now the price continues to lateralize. For now there is very little volume, be careful.
If it breaks the triangle to the downside
- Go back to the previous channel
If it breaks the triangle to the upside
-
The price returns to mark a double maximum.
The more you lateralize, the more explosive the movement tends to be
The longer it takes to fall, the longer the price will take to recover.
If you are going to invest in Shiba, you should see a trend accompanied by volume.
The price of Shiba is at a high point. It should be bought on the pullbacks, not the highs.
A few days ago I made a comparison of Shiba with dogecoin if you are interested in this is the link. I recommend it to you
What do you think Shiba will mark new Highs soon or will retreat to the previous channel?
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Protect your assets use Stop loss
The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
We will continue monitoring To be attentive Protect your Investments
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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are. Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment. If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.
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