SHIBA - Return Of The SHIB! ✅

10 Jun 2023

It's been a while since we analysed SHIBA. We've been in a correction for almost 2 years but it looks like we're very close to the next big impulse.

We are currently in a WXY correction:
Wave W = 3 wave correction
Wave X = 3 wave correction
Wave Y = 3 wave correction

We are in the last wave of wave Y. All we have to do is wait for a breakout and join the move higher.

Trade Idea:
- Safe entry on break of red trendline
- Risk entry on lower timeframe trendline break (see update)
- stops under lows once red trendline breaks
- Will look to manually take profits as we move higher

Goodluck and as always, trade safe!

10 Jun 2023

Catatan

SHIBA 2D Chart