$SHIB enters a common pattern that might act as reversal fuel at the beginning of 2023
If we take a look at the intraday chart of the token, we can clearly see a descending triangle pattern formation, which has been confirmed by the ascending volume profile. By getting closer to the end of the formation, trading volume should rise significantly, causing an expected volatility spike.Unfortunately, the technical state of the token is not the only thing that investors and traders are looking at.
However, the formation of the aforementioned pattern could become a great foundation for a potential reversal. On the daily chart of the token, we will not be able to see the triangle as the only observable thing on that timeframe is the direct and narrow price rangebound.Sadly, the end of 2021 and the beginning of 2022 did not give us any insights about the potential moves of
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
“Very Soon”: Shiba Inu Developer Provides Update on ShibariumLead developer Shiba Inu claims that the much-anticipated layer-2 solution will be launched “very soon”
Consulte Mais informação »
SHIB Burn Rate Spikes 642% as Millions of SHIB Get Wiped OutThe Shiba Inu community has again succeeded in pushing the burn rate up significantly as it burned a large amount of meme coins
Consulte Mais informação »
27.5 Million SHIB Burned in Last 24 Hours, But Is It Enough for Token To Rally?$SHIB still faces issues on the market despite the rise in burning volume
Consulte Mais informação »
Shiba Inu's BONE Up 10% in Time for ChristmasShiba Inu's $BONE sees 10% rise in time for Christmas, here might be potential reasons shibainu shib shibarmy shibarium shibaeternity shibadoge
Consulte Mais informação »
SHIB's Metaverse Issues Call to Action to Community, Here's What It IsSHIB's metaverse seeks community participation in this task Shibainu SHIBCommunity ShibArmy $SHIB Shiba Crypto
Consulte Mais informação »
Nansen CEO Mocks Cardano Bros as ADA Underperforms SHIBThe Nansen CEO was rereferring to a prediction about Cardano’s ADA token that he made back in March
Consulte Mais informação »