SHIBUSD ASCENDING TRIANGLE LONG

26 ott 2021

I'm expecting a continuation in SHIBUSD's run. As shown we have an ascending triangle which is indicative of a continuation. With about a 2:1 reward to risk ratio. RSI seems to be playing off of just below 50 for previous longs. I expect RSI to dip to or below 50 after a possible additional bounce off the bottom of the triangle where the 21 ema will also coincide. Looking for a close above the top of the triangle on the hour chart. Please comment and let me know if you agree or disagree or have questions.