SHIB – We Broke Through, What Next?
Do you remember a few days back I wrote this article on when SHIB could break out. We drew a nice triangle and made a prediction. I was thinking right around the 11th or after going into this weekend we would. I make these predictions based on experts I listen to and of course drawing my own lines to look at things to make sense of the candles.
I’m not always right. Other times I’m pretty close. Sometimes it doesn’t line up. But hey, I’m a student of this game and I like to make sense of it. Some have told me reading candles daily is nuts and that I’m wasting my time. But I look at it this way… when you’re invested in something you take time to understand so you know how it moves.
Below s the chart we have been following the past few days. Following the downtrend and waiting for the breakout. I drew the dotted line estimating this is the breakout point. And boy did we hit it on the dot. 🔥
So the next question is, now that we are here what happens next? Well from here we have to break on through the next levels of resistance. I’ll need to sit down and go through it again in a few days. For now look at it like this.
We need to stay above .000052 and next we need to get through resistance at .000063. Once we break through here next will be .000078 from here it’s the moon shot.
Find solid support at .000043. We are in a bullish cycle right now with the way things are moving I don’t see us revisiting this level anytime soon. Knock on wood.
Either way going into this weekend it’s getting very interesting. Enjoy the gains. Keep it Lit!
Thanks to all of you in the crypto community we have hit the first 100 followers. Thanks for reading clap and comment. Mahalo, arigatou, merci, Shei shei, kamsamida…
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Note: do your due diligence. Don’t make financial decisions based on my charts. I’m not a financial adviser. Just a guy with an ukulele who loves crypto. With that own your decisions. I’m not responsible if you get rekt. Crypto is high risk and high rewards. Play at your own risk.