SHIB and crypto in general lost significant volume the past few weeks and is continuing in a downtrend; however, that downtrend should also correct soon. Using the bullish gartley, we can start going long from 0.03177 to 0.03192 from there then anticipate to hit our first resistance of 0.03717 before ultimately breaking the descending channel once it breaks 0.04418 to 0.11200+ levels. This is not a scalping trade as this will take time due to loss of relative volume but we do expect a bullish play from them very soon.
Cut loss is ALWAYS 1-2% of your port.
Disclaimer: This is for educational purposes only.
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