SHIB price remains weak as reversal chart pattern forms Shibainu SHIBCommmunity ShibArmy $SHIB
Analysts interpret symmetrical triangles as market continuation patterns that signify periods of indecision. The triangular point appears to be where the highs and lows meet, with hardly any notable volume. Simply put, investors are unsure of where to stand.
In contrast to the unsure days and/or weeks preceding the breakout, when investors do decide which direction to take, it moves north or south with high volume. Typically, the breakout happens in the direction of the existing trend.A closer look at the Shiba Inu four-hour chart might suggest the appearance of a bull flag. A bull flag chart resembles a parallelogram-shaped flag and indicates a trend consolidation ahead of a major breakout.
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