* SHIB in 4H time frame forms a Descending channel pattern.
* Descending or Falling channel pattern appears when the price moves between two downward sloping parallel trendlines forming lower lows and lower highs.
* In this pattern SHIBA is rejecting from its resistance price may fall till the below support.
* Descending or Falling channel pattern appears when the price moves between two downward sloping parallel trendlines forming lower lows and lower highs.
* In this pattern SHIBA is rejecting from its resistance price may fall till the below support.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.