SHIBUSDT | Potential Bearish Pennant
Disclaimer on,
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
We all know that SHIBA INU has experienced a considerable decline in recent days. Then it strengthened until it touched the 21 EMA area and then weakened again, this strengthening in my opinion is a secondary reaction to the main trend, the bearish trend.
In the formation of the secondary reaction I noticed an unconfirmed Pennant pattern being formed. If this pattern is confirmed with a break of the lower trend line, then the price of SHIBUSDT is predicted to continue to weaken to the level of 0.014xxx.
Follow me for next update
___________
Best regards, @riandwip686
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
We all know that SHIBA INU has experienced a considerable decline in recent days. Then it strengthened until it touched the 21 EMA area and then weakened again, this strengthening in my opinion is a secondary reaction to the main trend, the bearish trend.
In the formation of the secondary reaction I noticed an unconfirmed Pennant pattern being formed. If this pattern is confirmed with a break of the lower trend line, then the price of SHIBUSDT is predicted to continue to weaken to the level of 0.014xxx.
Follow me for next update
___________
Best regards, @riandwip686
Comment:
After several time, the price look broke the upper trend line and it's mean that the pennant pattern was fail.