Shiba Inu (SHIB)

Shiba needs no introduction, a so-called quick-become millionaire meme coin that many still believe in. Anyway, SHIB has been oscillating in a sideway channel. Currently, price is at the bottom of this channel and posed to break the minor downtrend line. Let's see what happens.

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So, Shiba broke the downtrend line. Let's see what happens.

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Here is Shiba's analysis from another point of view. Currently, Shiba is oscillating in a triangle pattern. Let's see when Shiba break this pattern upward.

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So, Shiba broke the triangle pattern and is going up. Let's see how high Shiba can go.

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So, Shiba broke all kind of downtrend lines and resistances, and is going up. Could Shiba be making a Cup and handle pattern; even If only the cup part of the pattern is made, that would mean significant rise. Let's see what happens.

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Okay! It seems SHIBA is not stopping, breaking resistances one after another. SHIBA is aiming for the ATH. Let's see what happens.

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So, SHIBA broke the second horizontal resistance area too and went up to touch the third horizontal resistance area, then came down. It seems SHIBA's correction is a descending-inverted wedge pattern; have to wait for SHIBA to break it upward. Let's see when this happens.

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So, SHIBA broke the descending-inverted wedge pattern and went up to break the second horizontal resistance area. But, so far, was not successful. If SHIBA wants to rise higher, it first has to break this horizontal area. Let's see what happens.

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So, as it turned out, SHIBA's correction is unfolding in a descending channel. Have to wait for SHIBA to break this channel upward. Let's see what happens.

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So, SHIBA is trying to break the descending channel. If successful, the next upward wave will start. Let's see what happens.

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So, SHIBA broke the descending channel, made a pullback, and is going up. Say hi to ATH.

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So, it seems SHIBA is making another minor oscillating channel. Have to wait for SHIBA to break this channel.

SaeedSalehinia

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SaeedSalehinia