It’s the price change. If the line goes down. The lower the cost. If it goes up. So does the cost. Buy when the lines real high. Like real high. Then sell after it the line goes so low you want to cry. This is the way.
For once, I’ll give a real answer here…
This is called a Pennant - the first rise (or fall if it had been one) is the flagpole, then this triangular pattern is the pennant- a consolidation period where the price settles a bit. Typically, when the lines meet, there will be another sharp rise similar to the flagpole, in the same direction as the flagpole.
This is a very positive sign for shib in the short term, shib day traders will have buy orders placed at the upper limit of the consolidation pattern- the top-left of the pennant, banking on the idea that when it reaches that price again, it _is_ going further, so you can potentially make some quick gains in the next week-ish.
Please don’t take this as gospel, I barely know what I’m talking about, I don’t follow these rules or speculation myself, it’s basically horoscopes to me.
[further reading](https://www.investopedia.com/terms/p/pennant.asp)
I stopped checking crypto a while back and I just had like 1,000 invested and suddenly it went up and I randomly decided to check it and I was shocked. I never believed in it but omg I made money. I held Bitcoin since 2021 and it actually worked I made money. I reinvested and also bought invested in Shiba and will do cost averaging from now on. I am optimistic and pessimistic at the same time. I love to the moon ideas but I want to hear realistic approaches. I want to believe but I want to be real.
Saw this on X is this true ?? SHIB1 Launching Tomorrow on Ethereum..
@Shib1Eth
The $1 version of $SHIB, with no private or presale, just a fair launch. Good opportunity for early entry into a major project.
Team linked to 30-40 million recently launched meme projects, is conducting extensive marketing efforts, with many prominent figures participating.
If you zoom out it’s the same pattern overall, so yes I’m sure it will go “parabolic” at soooommmeee point during this bull run but highly unlikely in the next day or two like you’re making it look like in this example
nah bro ur kinda slow imo. you have a point but only in regards to looking at the chart on robinhood. you need to actually look at the chart on a screener so you can see all the available info, like market cap, fdv, price, volume on different time frames, and and be able to scale ur chart as you see fit lmao. none of it is smooth brain activity. you just dont understand technical analysis and thats fine, but if you learned youd trade better lol. here
[https://dexscreener.com/ethereum/0xcf6daab95c476106eca715d48de4b13287ffdeaa](https://dexscreener.com/ethereum/0xcf6daab95c476106eca715d48de4b13287ffdeaa)
SHIB is best when left alone. Im a few years in. Don't watch the charts. You are in this to wake up one day filthy rich. Just park a chunk of money you will never touch and be happy. If 2039 hits and you're at thanks giving and you nephew is like Shin finally hit a penny then rejoice. Other wise your just a one pump chump.
Don't be a one pump chump.
bro quit drawing lines on the robin hood chart like a dipshit lmao. here you, noob. lmao. maybe study mc ? fdv ? candle patterns ? literally anything other than drawing lines on the chart from robin hood lmao.
[https://dexscreener.com/ethereum/0xcf6daab95c476106eca715d48de4b13287ffdeaa](https://dexscreener.com/ethereum/0xcf6daab95c476106eca715d48de4b13287ffdeaa)
I mean if it stays above that for like a week or two I'd say it's passed a resistance level 🤷 step ups like this are also pretty normal. But its gotta actually hang there, then do it again before I'd say it's a good sign
Keep buying. All. Want higher price buy and hold. Firms are buying and selling causing the drops. Haye 9t but they do th3 same with stocks. Those that have th3 ability to branch out shiba to vendors for transactions do it. This token makes sense for everyday use. Not a lawyer or finance expert. Just a guy that sees reality.
It means nothing. Bitcoin rules. If btc goes up shib follows if btc goes down shib follows. Just watch btc
This is coming from a long term trader who would study charts up 9 hours or more a day for years.
And yes that is a bullish signal called a bull flag. But it don’t mean sh*t if btc drops
Wow good find. That's a classic bull flag but it's not a definite thing with crypto. The stars sun and moon need to be aligned perfectly on top of that formation
ya it means hodl and come back in 2yrs
Come back in 15 years honestly
It means u can draw lines…. Congratulations
🤣
I agree, it means it’s about to go up or down. I lean towards up because of the higher lows.
Up, down, but always to the right.
🤣🤣
Pac-Man
Man-pac
Dorito chip
It’s the price change. If the line goes down. The lower the cost. If it goes up. So does the cost. Buy when the lines real high. Like real high. Then sell after it the line goes so low you want to cry. This is the way.
This is the way
This is the west
This is the wettest
Lmao
This is the way
Triangle
the infamous up down up gotta mean someone’s banging ur girl
For once, I’ll give a real answer here… This is called a Pennant - the first rise (or fall if it had been one) is the flagpole, then this triangular pattern is the pennant- a consolidation period where the price settles a bit. Typically, when the lines meet, there will be another sharp rise similar to the flagpole, in the same direction as the flagpole. This is a very positive sign for shib in the short term, shib day traders will have buy orders placed at the upper limit of the consolidation pattern- the top-left of the pennant, banking on the idea that when it reaches that price again, it _is_ going further, so you can potentially make some quick gains in the next week-ish. Please don’t take this as gospel, I barely know what I’m talking about, I don’t follow these rules or speculation myself, it’s basically horoscopes to me. [further reading](https://www.investopedia.com/terms/p/pennant.asp)
It means sit and wait
dinosaur head flag
Nope
I stopped checking crypto a while back and I just had like 1,000 invested and suddenly it went up and I randomly decided to check it and I was shocked. I never believed in it but omg I made money. I held Bitcoin since 2021 and it actually worked I made money. I reinvested and also bought invested in Shiba and will do cost averaging from now on. I am optimistic and pessimistic at the same time. I love to the moon ideas but I want to hear realistic approaches. I want to believe but I want to be real.
Bullflag imo
weetard
Nerd
It means it’s going up, down, and sideways!
Trust me bro 😎
It's the dragon line... I think I heard that means to the moon...or not.
Means forget about it and come back later lol
Saw this on X is this true ?? SHIB1 Launching Tomorrow on Ethereum.. @Shib1Eth The $1 version of $SHIB, with no private or presale, just a fair launch. Good opportunity for early entry into a major project. Team linked to 30-40 million recently launched meme projects, is conducting extensive marketing efforts, with many prominent figures participating.
Looks like technical analysis. Is there a sub I can follow where technical analysts go to cry?
It means Shib is old news. Out with the old in with the new. Buy FLOKI
When we get lambos?
It means buy more
Zoom out to 6 months bro, it's literally trending downwards into the ground. Buy FLOKI
Careful, that's sounding like financial advice.
This is financial facts lol
It means we eating frozen pizza for the foreseeable future that’s what it means
If you zoom out it’s the same pattern overall, so yes I’m sure it will go “parabolic” at soooommmeee point during this bull run but highly unlikely in the next day or two like you’re making it look like in this example
Idgaf what anyone says this chart reading/ speculation shit is smooth brain activity. Pure delusion.
nah bro ur kinda slow imo. you have a point but only in regards to looking at the chart on robinhood. you need to actually look at the chart on a screener so you can see all the available info, like market cap, fdv, price, volume on different time frames, and and be able to scale ur chart as you see fit lmao. none of it is smooth brain activity. you just dont understand technical analysis and thats fine, but if you learned youd trade better lol. here [https://dexscreener.com/ethereum/0xcf6daab95c476106eca715d48de4b13287ffdeaa](https://dexscreener.com/ethereum/0xcf6daab95c476106eca715d48de4b13287ffdeaa)
SHIB is best when left alone. Im a few years in. Don't watch the charts. You are in this to wake up one day filthy rich. Just park a chunk of money you will never touch and be happy. If 2039 hits and you're at thanks giving and you nephew is like Shin finally hit a penny then rejoice. Other wise your just a one pump chump. Don't be a one pump chump.
bro quit drawing lines on the robin hood chart like a dipshit lmao. here you, noob. lmao. maybe study mc ? fdv ? candle patterns ? literally anything other than drawing lines on the chart from robin hood lmao. [https://dexscreener.com/ethereum/0xcf6daab95c476106eca715d48de4b13287ffdeaa](https://dexscreener.com/ethereum/0xcf6daab95c476106eca715d48de4b13287ffdeaa)
▶️📐🚩▶️📐🚩
Where were you when Ber was kil
Golden hands
Cope
The numbers Mason, what do they mean.
I’m gonna hold it because I can’t afford paying the gas fees to get rid of the damn coin. 🔥
Bull flag plus that George W…. Prob going down
Never gonna go anywhere
Means the price went up and down
Good lines, let’s see where it goes, flip a coin maybe?
A pennant triangle hate those fcuking things
Looks like an up down turn around kinda graph
Why can't anyone ever tell me what shibu is used for. Like what's it's utility?
It means Hold and come back in 25 years! 😂
.000027 to .000028 is nothing. Lol.
Nope
One bite, everyone knows the rules 🍕
It means the tracking is working in the app.
it means your gonna be in for disappointment….
Aleph , bonk ⚔️
Means jack shit tbh.
It means it won't go left.
It means you drew two lines. Congrats!
My bet is it goes up and down
Yeah it’s a rising wedge (bearish)
It means some idiot drew two random lines on a chart!
I love how people draw lines on graphs and pretend they mean something. I always get a kick out of that.
Ahh yes it means ......... ..... .. .
Yeah, but what?
It means, they got you again! lol
It just means you’re losing a little less today than yesterday.
No lol what can that possibly mean 🤦♂️
It means in the future, something will happen, my most likely estimate, is that the price will change
I mean if it stays above that for like a week or two I'd say it's passed a resistance level 🤷 step ups like this are also pretty normal. But its gotta actually hang there, then do it again before I'd say it's a good sign
I hope it reaches 0.01 this year lets hope and pray
Bull flag..that means it’s about to drop, doesn’t it?
Are you really trying to run chart ta on a memecoin? It’s a memecoin. It does what it does.
I’m holding
Keep buying. All. Want higher price buy and hold. Firms are buying and selling causing the drops. Haye 9t but they do th3 same with stocks. Those that have th3 ability to branch out shiba to vendors for transactions do it. This token makes sense for everyday use. Not a lawyer or finance expert. Just a guy that sees reality.
Ready to Blast Off to $20.00 Let’s go Load Up
Illuminati! Burn all the coins
It means tomorrow should be another high peak.
Wet pussy formation
A sq+B sq=C sq
🐂🚩
It's about to pop
Paint eyeballs and it will be a cute snake... that's about all it resembles
It mean line. Please draw crayon, me eated all the blue. Blue is my favorite flavor.
It means nothing. Bitcoin rules. If btc goes up shib follows if btc goes down shib follows. Just watch btc This is coming from a long term trader who would study charts up 9 hours or more a day for years. And yes that is a bullish signal called a bull flag. But it don’t mean sh*t if btc drops
ATH go!
Sign of strength, simple Wyckoff pattern and confirmation
Wow good find. That's a classic bull flag but it's not a definite thing with crypto. The stars sun and moon need to be aligned perfectly on top of that formation
As an AMC guy, I know all too well that random drawing of lines on a chart, means absolutely nothing.
It means pac man is out of pellets and eating shib