🔥 SHIBA Consolidation Ahead: Triangle Analysis

SHIB / TetherUS BINANCE:SHIBUSDT

FieryTrading

SHIB found strong support during this morning’s sell-off and reversed sharply. Seeing that we’re seeing some temporary bullishness, I’m assuming that SHIB will follow suit.

However, SHIBA will not break out of this triangle pattern without BTC seeing a meaningful bullish reversal. The expectation is for SHIB to continue to trade within this triangle in the near future. Consider it in case you’re a short-term day trader.

Happy trading!

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