SHIBA bounced fr base of triangle;may still retest it before BO
SHIB/USDT COINBASE:SHIBUSDT
SHIBUSDT broke below the yellow ascending triangle last April. Now it retested the base of a yet another potential BLUE descending triangle creating a double bottom at 0.00001840. It bounced & is still holding 0.000020 support. If this holds, next targets are 0.000022 breaking out of triangle & then the 0.000024 pivot which coincides with the black VWAP from the 2022 Jan bottom.
However, losing 0.000020 will point to a retest of the 0.00001840 April low or in the worst case scenario, the Jan2022 bottom at 0.000017.
Not trading advice
