SHIBA Strong break-out expected, targeting 0.000028!

Shiba Inu (SHIBUSD) has been trading within a Triangle pattern since the October 25 2021 Top of its previous Bull Cycle. The successive Lower Highs of the current Cycle have failed to make a new All Time High (ATH) and have 'trapped' the price action below its 1W MA50 (blue trend-line), is a similar Accumulation Phase on the Higher Lows like June 2023 - January 2024.

However, the 1W RSI has been rising within a Channel Up, showcasing a technical Bullish Divergence. If the price breaks above the Inner Lower Highs trend-line, it will be a first Buy Signal with confirmation coming above the 1W MA50. In that case, we expect at least a 0.000028 test of the Triangle's top (Lower Highs), still a conservative target given that the 2024 rally almost hit its 0.786 Fibonacci retracement level.

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