🔥 SHIBA Short-Term Bear Flag

SHIB / TetherUS BINANCE:SHIBUSDT

FieryTrading

Like most cryptos, SHIB has seen a lot of bearish pressure over the last couple of weeks. As of this weekend, SHIB saw a relief rally which led to around +60% gains in under two days. However, this was just a relief rally, with more bearish price action coming.

Bear-flags are classically bearish continuation patterns, so we’re likely going to see more downwards pressure.

In blue are my targets, placed at recent lows.

You might be interested in …

Trading View May 9, 2022

BTC Weekly Analysis 5-9-22

BTC Weekly Analysis 5-9-22 Bitcoin / TetherUS BINANCE:BTCUSDT Crypto-RyGuy so yes, btc is struggling right now but it is holding up fairly well considered we are in a halving cycle, combined with the the current […]

Trading View March 19, 2022

URGENT OCEAN Swing Trade – 4 targets

URGENT OCEAN Swing Trade – 4 targets OCEAN / U. S. Dollar KRAKEN:OCEANUSD zianesami We could see an OCEAN/USD recovery: – EMA Ribbon break on the daily – Downward channel break – W pattern break […]

Trading View May 11, 2022

STMX – Huge potential for drop🤑

STMX – Huge potential for drop🤑 STMX / TetherUS BINANCE:STMXUSDT Artem_Dishel As it is very volatile market today, be careful with volume . STMX level is awesome since it’s a round number and usually there […]