SHIB / TetherUSืืื ื
SHIB/USDT Ready For a Breakout From Descending Triangle๐๐
ืืขืืืื
๐#SHIBUSDT is tracing a Descending Triangle pattern and we expect a bullish breakout from this.
๐The horizontal support level has been tested multiple times. The 200 moving average highlights a bullish trend. A definitive breakout from the triangle pattern is essential to confirm a bullish move.
๐When it breaks free, we'll closely monitor a retest to validate the breakout before executing our strategies. If #ShibaInu maintains the support at $0.00002068 and rises, we aim for the resistance zone we've outlined.
๐However, if #SHIB fails to hold this support and slips back into the pattern, it may indicate a weakening bullish trend. In this case, the price could fall to the next significant support level at $0.0000182.
๐Previousally,SHIB has shown a robust ability to rebound from this level. If this pattern persists, a strong recovery could be in play. Nevertheless, a decisive break below this support would shift our bullish perspective towards a more bearish outlook.
MyCryptoParadise
iFeel the success
๐The horizontal support level has been tested multiple times. The 200 moving average highlights a bullish trend. A definitive breakout from the triangle pattern is essential to confirm a bullish move.
๐When it breaks free, we'll closely monitor a retest to validate the breakout before executing our strategies. If #ShibaInu maintains the support at $0.00002068 and rises, we aim for the resistance zone we've outlined.
๐However, if #SHIB fails to hold this support and slips back into the pattern, it may indicate a weakening bullish trend. In this case, the price could fall to the next significant support level at $0.0000182.
๐Previousally,
SHIB has shown a robust ability to rebound from this level. If this pattern persists, a strong recovery could be in play. Nevertheless, a decisive break below this support would shift our bullish perspective towards a more bearish outlook.MyCryptoParadise
iFeel the success
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