🔥 SHIBA Break Out: Update
Yesterday I made an analysis on the expected break out of SHIBA.
The break out did occur only a few hours after that post, getting all the way to the green marked area of resistance.
After reaching the resistance area, the price reversed on BTC's bearish behaviour. Current expectation is that SHIBA will either go down all the way towards the bottom of the channel, or that the yellow area will function as a support and will launch the price up again.
Big chance that the next bullish move will get us beyond the green resistance area.
The break out did occur only a few hours after that post, getting all the way to the green marked area of resistance.
After reaching the resistance area, the price reversed on BTC's bearish behaviour. Current expectation is that SHIBA will either go down all the way towards the bottom of the channel, or that the yellow area will function as a support and will launch the price up again.
Big chance that the next bullish move will get us beyond the green resistance area.
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