SHIB Holding The Line – Grab Popcorn

Watching SHIB closely this week. Looking at the charts we are seeing a sideways movement. SHIB also staying above the support level of .000052. As I wrote in a previous article as long as market stays bullish and SHIB moves in this direction we can see a nice rally after November 11.

Below I have took a screen sheet of our 4h chart. Circled in purple we see our sideways movement touching the top of our descending line on the triangle. It’s following this line closely and hovering right above that support level of .000052. I have circled in purple with an arrow pointing down. If it touches that line it could drop below to the yellow uptrend line of my triangle and then still work it’s way up to the rally. My point is this, all things point to bullish movement. This weekend is going to be very interesting. We moving on up.

I have circled three items to the right in red. .000052 is where we are holding the line. This is where we staging looks like we are holding and the pump is imminently close. If things did go south they could drop to .000043 but I don’t see that happening. But always expect it just in case so you known that it will also hold at support .000043.

I see us moving up to .000063 that’s the next area of resistance that we have touched on several times on the 4 hour chart. Follow the line and see where it has touched this area and dropped or bounced.

Hold the line at .000052 and prepare to break through resistance .000063 and let’s moon. This is where we are heading for the weekend. So grab the popcorn sit back and watch.

💎🙌🏼

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Note: not a financial adviser. Crypto is volatile and high risk. Do your own due diligence and don’t base your decisions on solely what I say. I am not responsible if you get rekt. Take ownership of your choices. Crypto is fun but it can also be cruel. I’m here to help you navigate through the madness and FUD.