🔥 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.

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