Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
SHIB has been overall bearish for a while making lower lows and lower highs. The bears were aggressive pushing price lower making big impulse movements.
However, after rejecting the blue zone, SHIB got stuck inside a range in the shape of a symmetrical triangle in red.
The bears are clearly exhausted but that doesn't mean that the bulls are in control just yet.
Trigger => For the bulls to take over, we need a momentum daily candle close above the gray area, which is covering the entire structure/range.
Meanwhile, until the buy is activated, SHIB would be stuck inside a range, and short-term traders can look for buy setups as it approaches the lower red trendline.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SHIB has been overall bearish for a while making lower lows and lower highs. The bears were aggressive pushing price lower making big impulse movements.
However, after rejecting the blue zone, SHIB got stuck inside a range in the shape of a symmetrical triangle in red.
The bears are clearly exhausted but that doesn't mean that the bulls are in control just yet.
Trigger => For the bulls to take over, we need a momentum daily candle close above the gray area, which is covering the entire structure/range.
Meanwhile, until the buy is activated, SHIB would be stuck inside a range, and short-term traders can look for buy setups as it approaches the lower red trendline.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
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.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
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.