SHIB - Only one word......HODL !!!
1 Hour chart/8 ema YELLOW/34 ema MAGENTA/FIbonacci Extension
Using FIB Extension to find support and targets:
STORY:
Price has retested 34 ema, trying to get back on top of 8 ema with volume! Once that happens, it's time for another run.
Suppy/Demand zone worked to a tee, bought more here, it's like a plateau to re-establish price.
Beautiful retest of the supply/demand zone when it dipped down.
Stochastic is suggesting, at the moment with an oversold sentiment, that buying now could be the right time. Volume is king!
TARGETS:
Next immediate target 0.00007521 - current resistance, it was prior support. We get over that WITH VOLUME, next is -
0.00008838 again, harder resistance level. Tried 3 times to break this level to no avail....4 times, no breakout here could mean exhaustion of the run, could lead to Supply/Demand zone pricing again and a wait for news, meme action, and UTILITY
WHY 1 HR CHART ?:
For me, the thought process is that crypto runs 24/7. How can we put a real pulse on this altcoin if we are watching daily charts? That's just my opinion, like everything this is. Follow and play along, see if my thesis holds true.
REMEMBER:
#1 Crypto/Altcoins are the Wild, Wild West! Exciting, terrifying and drama around every corner! Very Risky Stuff!
#2 Only invest what you're willing to throw away
#3 Whales will sell!! Price will subsequently drop like a rock!! When that happens, we scoop in and buy those dips! Together, we create VOLUME! Volume raises price, together we raise the opportunity to profit by UPLIFTING PRICE and benefiting from cooperation!! In other words..........BUY AND HODL FOLKS!!!!
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks and crypto to validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
1 Hour chart/8 ema YELLOW/34 ema MAGENTA/FIbonacci Extension
Using FIB Extension to find support and targets:
STORY:
Price has retested 34 ema, trying to get back on top of 8 ema with volume! Once that happens, it's time for another run.
Suppy/Demand zone worked to a tee, bought more here, it's like a plateau to re-establish price.
Beautiful retest of the supply/demand zone when it dipped down.
Stochastic is suggesting, at the moment with an oversold sentiment, that buying now could be the right time. Volume is king!
TARGETS:
Next immediate target 0.00007521 - current resistance, it was prior support. We get over that WITH VOLUME, next is -
0.00008838 again, harder resistance level. Tried 3 times to break this level to no avail....4 times, no breakout here could mean exhaustion of the run, could lead to Supply/Demand zone pricing again and a wait for news, meme action, and UTILITY
WHY 1 HR CHART ?:
For me, the thought process is that crypto runs 24/7. How can we put a real pulse on this altcoin if we are watching daily charts? That's just my opinion, like everything this is. Follow and play along, see if my thesis holds true.
REMEMBER:
#1 Crypto/Altcoins are the Wild, Wild West! Exciting, terrifying and drama around every corner! Very Risky Stuff!
#2 Only invest what you're willing to throw away
#3 Whales will sell!! Price will subsequently drop like a rock!! When that happens, we scoop in and buy those dips! Together, we create VOLUME! Volume raises price, together we raise the opportunity to profit by UPLIFTING PRICE and benefiting from cooperation!! In other words..........BUY AND HODL FOLKS!!!!
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks and crypto to validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.