As you can see, after a sharp rally Shiba had experienced, it started its correction phase and created a bull flag ( bearish channel ). Shiba has 3 supported zone, one of them has been broken and the second one has been touched and supported the price. Since then, the price has stocked around the first broken supported. In the lower timeframe, you can see the price has created a trading range which the powers of both sides are equal. It has to gain power to break the bearish channel and end the correction phase and start a new impulse phase. Before that, the market is neutral. I expect the price to remain in this trading range for at least 01/05/22 and anything bullish will occur after that. beside, 3rd support touch is low probable but it depends on the total crypto market. After
the break out of the bearish channel ( bull flag ) the first target is the previous top and the second one is 0.00017 zone.
the break out of the bearish channel ( bull flag ) the first target is the previous top and the second one is 0.00017 zone.