LIVE🚨 Important Update on $SHIB 🚨
🐶 The $SHIB /USDT pair is currently in a symmetrical triangle pattern on the daily chart. This pattern often precedes big price changes.
1. Recognizing the Pattern:
A symmetrical triangle happens when prices make lower highs and higher lows. It means buyers and sellers are unsure, causing less volatility.
2. What's Happening Now:
SHIB/USDT is clearly forming a symmetrical triangle on the daily chart, indicating a possible big move soon.
3. What to Expect:
If prices break above the upper trendline, we might see a strong uptrend. 🚀
On the other hand, if prices break below the lower trendline, it could lead to a downtrend. 🔻
4. Important Levels:
Resistance:
Look for a breakout above the upper trendline for confirmation of a bullish trend.
Support:
A break below the lower trendline could mean more downside.
5. Volume and Momentum:
Higher trading volume during the breakout will confirm the strength of the move. 📈
Keep an eye on RSI and MACD indicators for more confirmation of momentum.
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