FieryTrading

🔥 SHIBA Channel Continued

Long
BINANCE:SHIBUSDT   SHIB / TetherUS
Couple of weeks ago I made an analysis on SHIB. Here I predicted that SHIB would be moving down towards the red support area and rebound from there.


With the current BTC outlook shifted from short-term bearish to short-term bullish, it is to be expected that SHIB will show some bullish price action in the near future. Be aware that SHIB can dip into the red again.

Most bullish case would be that BTC reaches >36k, this could lead to a SHIB trading above 0.00001000 again.

Happy trading!

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