This is an update to the Shiba ( SHIBUSDT ) pattern I published for SHIBUSDT on February 07:

As you see, the Resistance Zone held, the price got rejected on the 1D MA100 (green trend-line) and that pushed SHIBA back to its Support Zone where it started a tight consolidation within the two Zones. This consolidation pattern continues to mirror the very same June – September 2021 accumulation phase, which paved the way for the massive October rally. As you see, even the 1D LMACD sequences are identical.

In our opinion, the next test of the consolidation’s Resistance level , will most likely be the last as it appears that Shiba is at the ver last stage of the 2021 consolidation. A 1D MA50/ MA100 Bullish Cross, would confirm that, much like it did on September 18th 2021 and right now the two trend-lines are as close together as they can be.

So far the top of the Channel Up (Fibonacci level 1.0) has been priced the two historic Highs. A similar rally means potentially a +400% profit potential from the current levels, above 0.00011 !!

Do you think it is worth waiting for a lower price and miss out on this potential rally?

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