SHIBUSD | Wave Analysis Mapping - Primary Wave 2 Target Range
Price action and chart pattern trading
> Falling Channel pattern with target downtrend wave 5 within the range of 0650 - 1300 based on 1.236 - 1.618 wave 4 retracement
> Long Entry @ local downtrend line breakout
> Medium-term Target @ upper channel resistance near SMA200 zone / volume profile resistance zone
> Indicator: MACD crossover signal line below the base.
Always trade with affordable risk and respect your stoploss.
> Falling Channel pattern with target downtrend wave 5 within the range of 0650 - 1300 based on 1.236 - 1.618 wave 4 retracement
> Long Entry @ local downtrend line breakout
> Medium-term Target @ upper channel resistance near SMA200 zone / volume profile resistance zone
> Indicator: MACD crossover signal line below the base.
Always trade with affordable risk and respect your stoploss.