SHIB ARMY! Chart by Commander CryptoKnee ShibArmy Reserve. 17OCT

18 Okt 2021

So the 2 time voted "grandma could do better" chart worked out pretty good as described in last chart, it broke the trend line down and retested the previous support where bulls were waiting and bounced 20%! BUT for this triangle variant, its not all sunshine and rainbows though, as things in the market rarely are. Still being cautious as anything could happen and right now the PA is reacting to the golden corner pocket and vol came in for this move but average is down... which is typical for a triangle. Now that price has broken above some of these previous resistance, bulls want to see these flip and turn into support. NGL some of the Elliott wave on this last move is a bit questionable to me, ATM, so still meditating on that, but structure has been playing nice so keeping an eye on that for now.