lanreydon

Shiba Underlying Strenght

Long
FTX:SHIBUSD   Shiba Inu
A big Hidden Bullish Divergence spotted on the Daily Time frame, signaling a trend continuation.

Divergence on bigger time frame are important and significant, just have to find the Top or Bottom and in this case, I think Shib found the bottom of the divergence(Spot the textbook holding line). It has been a healthy Dip by the way.

On the MACD ..the bars will soon print green and also the blue line is about crossing signaling strength.

With the recent strength shown by BTC . might all Shiba needs to breakout.

A good 1:5 Risk to Reward Ratio..You dont see this everyday..


NB: Not a Financial Advice. DYOR

Happy Trading
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.