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These might be two of Shiba Inu’s possible breakout scenarios
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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice
Following a breakdown from a previous triangle setup, Shiba Inu looks to claw back lost ground from yet another symmetrical triangle setup. A recovery along the RSI underpinned SHIB’s development within the triangle, although at press time, a bearish bias was still intact.
Traders should watch out for a close above key levels to get more clarity as far as breakout direction is concerned. At the time of writing, SHIB was trading at $0.00005279, up by 0.44% over the last 24 hours.
Source: SHIB/USD, TradingView
Shiba Inu formed yet another symmetrical triangle after snapping three lower highs and three higher lows
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