Lingrid | SHIBUSDT possible Upward Surge

7 Nov

The price perfectly fulfilled my last idea. It hit target zone. SHIBUSDT recently formed a double bottom, followed by a upward move. It has now created an equal high, suggesting that the market is entering a consolidation phase. However, I believe the market may be gearing up for an upward surge, as the price is currently in an accumulation phase. On the daily timeframe, we observe strong bullish impulse moves accompanied by gradual pullbacks, indicating persistent buying pressure. I anticipate that the market to target liquidity below the previous daily low before retesting the area above the equal high. My goal is resistance zone around 0.00002050

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻