In My Opinion, Not Financial Advice
Based on the Fib extensions and what I've determined order blocks are. I can see SHIB bouncing around in supply and breaking towards the upside to the .382 extension. Looking at the TTM Squeeze indicator, we are squeezing on the 2hour mark as well. If bullish momentum continues the .5 extension is possible before some consolidation.
Based on the Fib extensions and what I've determined order blocks are. I can see SHIB bouncing around in supply and breaking towards the upside to the .382 extension. Looking at the TTM Squeeze indicator, we are squeezing on the 2hour mark as well. If bullish momentum continues the .5 extension is possible before some consolidation.
Comment:
Definitely had a great bullish move, hit just below the 0.5 extension and is consolidating at the 0.382 right now. If Bulls hold, the next big move could hit the 0.618!
Trade closed: target reached