riandwip686

SHIBUSDT | A Bullish Flag Pattern

riandwip686 Updated   
BINANCE:1000SHIBUSDT.P   1000SHIB / TetherUS PERPETUAL CONTRACT
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After successfully breaking out of its bearish trendline some time ago, SHIBA INU (SHIBUSDT) seems to be correcting by forming a bullish flag pattern.
The continuation of the strengthening of SHIBA INU could occur if the confirmation of this pattern occurs, namely with a break of the upper trend line at the range of 0.03142x.
The target for the strengthening of this pattern is the area of 0.04035x - 0.04109x.

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Comment:
Observing the development of the movement of SHIBUSDT, the price has broken the upper trend line thereby confirming the bullish flag pattern.
Next, there is a change from the target of price strengthening to the area of 0.0319xx 0.04xxxx, considering the price action that took place.
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