Here’s a quick Look at SHIB daily chart . As we can see, the price has been forming a bigger symmetrical triangle. The price is close to a bigger break to the upside. We need BTC to get above 48k to gain some bullish momentum – SHIB probably won’t break to the upside if BTC doesnt get above 48k .
The best entry would be, when the price breaks above 0.00003$ with good amount of volume . Definitely one to keep an eye on.
The market is shifting, and big gains could be coming our way!
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The idea is: Buy when the price breaks above 0.00003$ and take profits at the levels shown in the chart.

Targets:

1. 0.000032$
2. 0.000035$
3. 0.00004$
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What are triangles when it comes to trading?

Key points:
“1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.

2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.

3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles.”

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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!