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Trade Idea for SHIBUSDT

Panjang
BINANCE:SHIBUSDT   SHIB / TetherUS
5 wave to the upside is clearly finished, and followed by corrective gradual drop. In the the corrective waves, the first recognizable was Zig Zag pattern followed by a clear Flat pattern which gives me an idea that the correction might be developing in double pattern (WXY). So the last wave(Y) is still in progress. In early stage, I predicted that it would develop in Zig Zag pattern because of the sharp drop that could be counted as 5 wave. Then It is obvious that after B wave in Zig Zag another drop is potential reversal point. Drawn fibonacci levels are fibonacci retracement of an ended 5 wave.
Penafian

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