Alikze »» SHIB | Upward wave 3 scenario
2024-09-27

🔍 Technical analysis:  The scenario of the 3rd wave of the rising super cycle 

- In the analysis presented in the  previous post , after an upward wave up to the area of ​​2.618, the previous wave itself experienced significant growth.

- Currently, in the weekly time frame, after going through a downward trend in a channel, it managed to have a complex structural correction to the green box range, which led to an exit from the channel.

- Therefore, according to the current momentum, it will have the ability to reach the target of Fibo 1.618 range and then up to its previous ceiling.

- After that, if the previous ceiling is broken, the rising wave can extend to the specified supply area.

💎  In addition, if the previous floor or green box of stabilization occurs, the bullish scenario will be invalidated. 
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  BINANCE:SHIBUSDT  
