SHIBUSDT is ready to start an upward movement

Mar 12

It seems that Shiba has broken out of the wave 4 triangle pattern. And after the formation of the first wave of the fifth wave, it has formed a corrective structure 'abc', which is probably the second wave of its fifth wave. that this 'abc' wave occurred in the support area of ​​the Fibonacci levels and the end of the 'c' wave occurred at the bottom of the channel as well as in the encounter with an important trend line. In my opinion, we should see a strong upward movement from Shiba in the next few hours.

Mar 12

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Mar 12

Note

According to the above price chart:
According to the candles that formed in the last few hours, I have to correct my previous analysis.
According to the chart, the price is in a Combination correction. And since we see a completed triangle at the end of this correction, and since triangles only occur at the end of combination corrections, I think the 4th SHIBA wave correction pattern is complete.
I expect the price to reach a new top in the next few hours.

Mar 12

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elliottwave.com/wp-content/uploads/2023/03/EEDD1C88BDD2408491152FBF39440BBA.gif

Mar 14

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Mar 14

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The price has broken the downtrend line of the triangle pattern and the pattern has been confirmed and completed. As a result, I expect the price to rise above $0.00004567 in the coming days or hours.

Mar 14

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Mar 14

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As long as the price does not exceed the end of wave e, this correction pattern is still in place.
I am still waiting for the price of Shiba to rise.