SHIB/USDT: Bullish Inverse Head and Shoulders Pattern Breakout
2024-11-10

hello guys.

Pattern Formation: The inverse head and shoulders pattern, with a well-defined neckline, indicates a bullish reversal signal.

Breakout Confirmation: Price has broken above the neckline, a key resistance level, which suggests a continuation toward higher targets.

Price Targets: If the bullish momentum holds, the next major resistance is around $0.00003700, with the potential to reach $0.00005700.

Risk: Failure to maintain above the neckline could result in a pullback, potentially re-testing lower levels before any further bullish movement.