4 H time frame shows a shorter bullish flag than the previous long bullish flag..
SHIBA First Target of the current run. Over all trend is bullish.
As shown in the chart. The price has touched and bounced from the S&R area, which indicates that SHIBA is bullish in terms of price action, pending the general market sentiment.
The chart speaks for itself! SHIBA is ready to take off as soon as the market recovers.
SHIBA seems to be ending the sideways it has been experiencing for some time.
As the chart shows, SHIBA has been in consolidation for some time. Today, the price action signaled that the consolidation could be over by breaking through the daily inside bar (represented by two orange lines) and retracing to form a pin bar. We still have to wait for the close of the daily candle to confirm this scenario. First target is previous all time...
Just to be clear this is an investment type of coin. I am not financial advisor please do your own Due diligence
If the current leg up terminates at 161 extension, this will increase the chances of three drives as it its equal to the size the first leg pull.
The out look of BTC USD... It is possible that I am wrong, as it is possible that I am right.