Buying SHIB to it's next new high?

SHIBA shows two reversal monthly candles. on the lower time frames we can see that there has been good side ways movement that looks similar to the sideways movement before previous bullish breakout. The time period of the sideways movement is similar to the sideways movement between the previous two swing highs. Based on historic price movement alone on this chart, we could see a potential 300% upside move to the yellow trend line that has been acting as a resistance for the coin. It will be nice to see the coin have one less decimal :)

Let me know what you think of this idea.