ThatBitterGuy

SHR - Fib channel tested and held

KUCOIN:SHRUSDT   ShareRing / Tether
Fib channel tested and held, resistance now acting as support. Channel not fully confirmed but price action acting as expected with the wick up to 0.05 cents on news.

Methodical accumulation now occuring as volume increases on all new exchanges and Uniswap DEX. Expecting 0.05 cents within 4 days. Would also expect heavy supply in the upper fib channel lane. Over exuberance gets punished. BTC price action may have dampened today's enthusiasm but expect interest to return as news gets out and crypto YT reports.

Future looks bright. Continue to hold long and will add at the 0.03 support level or within lower fib channel.
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