Dogecoin and other crypto by Dennis Diatel Photography via iStock
Shiba Inu with ticker SHIBUSD is bouncing nicely after we identified strong support within a complex (W)(X)(Y) decline in wave C of a larger triangle pattern. Following the completion of a projected wedge pattern within subwave C of (Y), price action is now stabilizing. This suggests the potential for a new, larger three-wave ABC recovery within wave D, which could retrace price back toward the 0.000015–0.000025 resistance zone.
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